The director
of the Division of Reserve Bank Operations and Payment Systems (or
the director’s delegatee) is authorized:
(a) Designated financial market utilities.
(1) To issue a notice of no objection to
a designated financial market utility relating to an advance notice
of proposed material change submitted under section 806(e) of the
Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C.
5465(e)) and section 234.4 of Regulation HH (12 CFR 234.4).
(2) To extend
the review period for proposed changes that raise novel or complex
issues and to request additional information from the designated financial
market utility for consideration of the notice.
(b) Regulation II.
(1) In consultation with the director of
the Division of Supervision and Regulation and the general counsel,
to approve the publication of annual lists of institutions that fall
above and below the small issuer exemption asset threshold under Regulation
II (12 CFR part 235).
(2) In consultation with the general counsel, to approve the publication
of annual lists of the average interchange fees each network provides
to nonexempt and exempt issuers.
