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e-CFR data is current as of January 15, 2021

Amendment


12 CFR--PART 704

View Printed Federal Register page 85 FR 71827 in PDF format.

Amendment(s) published November 12, 2020, in 85 FR 71827

Effective Dates: Dec. 14, 2020

10. In §704.21, revise paragraph (c) and remove paragraphs (d) and (e) to read as follows:

§704.21   Enterprise risk management.

*   *   *   *   *

(c) The ERMC must include at least one risk management expert who may report either directly to the board of directors or to the ERMC. The risk management expert's experience must be commensurate with the size of the corporate credit union and the complexity of its operations.

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