Data / Federal rules / 2024-05322
Financial Market Utilities
The Federal Reserve System published this final rule in the Federal Register on March 15, 2024. It took effect on April 15, 2024.
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What the agency says
The Board of Governors of the Federal Reserve System (Board) is publishing a final rule amending the requirements relating to operational risk management in the Board's Regulation HH, which applies to certain financial market utilities (FMUs) that have been designated as systemically important (designated FMUs) by the Financial Stability Oversight Council (FSOC) under Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act or Act). The amendments update, refine, and add specificity to the operational risk management requirements in Regulation HH to reflect changes in the operational risk, technology, and regulatory landscape in which designated FMUs operate. The final rule also adopts specific incident- notification requirements.
Key facts
- Document number
- 2024-05322
- Type
- Final rule
- Action
- Final rule
- Agency
- Federal Reserve System
- Published
- March 15, 2024
- Takes effect
- April 15, 2024
- Dates
- Effective date: The final rule is effective April 15, 2024.
- Docket
- Regulation HH; Docket No. R-1782
- Regulation ID (RIN)
- 7100-AG40
- Code of Federal Regulations
- 12 CFR 234
- Topics
- Banks, banking; Credit; Electronic funds transfers; Securities
- Pages
- 19
Other documents from the Federal Reserve System
Everything from the Federal Reserve System · Rules on banks, banking · Rules on credit · Rules on electronic funds transfers · Published in March 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.