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Responsibilities of Boards of Directors, Corporate Practices and Corporate Governance Matters

---
identifier: "/us/fr/2014-04421"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Responsibilities of Boards of Directors, Corporate Practices and Corporate Governance Matters"
title_number: 0
title_name: "Federal Register"
section_number: "2014-04421"
section_name: "Responsibilities of Boards of Directors, Corporate Practices and Corporate Governance Matters"
positive_law: false
currency: "2014-02-28"
last_updated: "2014-02-28"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Federal Housing Finance Board"
document_number: "2014-04421"
document_type: "proposed_rule"
publication_date: "2014-02-28"
agencies:
  - "Federal Housing Finance Board"
  - "Federal Housing Finance Agency"
  - "Housing and Urban Development Department"
  - "Federal Housing Enterprise Oversight Office"
cfr_references:
  - "12 CFR Part 914"
  - "12 CFR Part 917"
  - "12 CFR Part 1236"
  - "12 CFR Part 1239"
  - "12 CFR Part 1710"
  - "12 CFR Part 1720"
rin: "2590-AA59"
fr_citation: "79 FR 11350"
fr_volume: 79
effective_date: "2014-01-28"
comments_close_date: "2014-05-15"
fr_action: "Notice of proposed rulemaking; extension of comment period."
---

#  Responsibilities of Boards of Directors, Corporate Practices and Corporate Governance Matters

**AGENCIES:**

Federal Housing Finance Board; Federal Housing Finance Agency; Office of Federal Housing Enterprise Oversight, HUD.

**ACTION:**

Notice of proposed rulemaking; extension of comment period.

**SUMMARY:**

On January 28, 2014, the Federal Housing Finance Agency (FHFA) published in the *Federal Register* a notice of proposed rulemaking for public comment proposing to amend its regulations by relocating, consolidating, and modifying as necessary, certain Federal Housing Finance Board and Office of Federal Housing Enterprise Oversight regulations that pertain to the responsibilities of boards of directors, corporate practices, and corporate governance matters. The proposed rule would also amend a definition within FHFA's Prudential Management and Operations Standards regulations and the introductory language to the standards themselves. The comment period for the proposed rule is set to expire on March 31, 2014 April 29, 2014. This document extends the comment period by an additional 45 days, through and including May 15, 2014, to allow the public additional time to comment on the proposed rule.

**DATES:**

The comment period for the proposed rule published January 28, 2014, at 79 FR 4414, is extended. Written comments must be received on or before May 15, 2014. For additional information, see the *SUPPLEMENTARY INFORMATION* section.

**ADDRESSES:**

You may submit your comments, identified by regulatory information number (RIN) 2590-AA59, by any of the following methods:

*Federal eRulemaking Portal:**http://www.regulations.gov:* Follow the  instructions for submitting comments. If you submit your comment to the Federal eRulemaking Portal, please also send it by email to FHFA at *[email protected]* to ensure timely receipt by FHFA. Include the following information in the subject line of your submission: Comments/RIN 2590-AA59.

*Email:* Comments to Alfred M. Pollard, General Counsel may be sent by email to *[email protected]* . Please include “RIN 2590-AA59” in the subject line of the message.

*U.S. Mail, United Parcel Service, Federal Express, or Other Mail Service:* The mailing address for comments is: Alfred M. Pollard, General Counsel, Attention: Comments/RIN 2590-AA59, Federal Housing Finance Agency, Eighth Floor (OGC), 400 Seventh Street SW., Washington, DC 20024.

*Hand Delivered/Courier:* The hand delivery address is: Alfred M. Pollard, General Counsel, Attention: Comments/RIN 2590-AA59, Federal Housing Finance Agency, Eighth Floor (OGC), 400 7th Street SW., Washington, DC 20024. The package should be logged at the Guard Desk, First Floor, on business days between 9 a.m. and 5 p.m.

**FOR FURTHER INFORMATION CONTACT:**

Amy Bogdon, *[email protected],* (202) 649-3320, Associate Director, Division of Federal Home Loan Bank Regulation; or Michou Nguyen, *[email protected],* (202) 649-3081 (not toll-free numbers), Assistant General Counsel, Office of General Counsel, Federal Housing Finance Agency, Constitution Center, Eighth Floor (OGC), 400 7th Street SW., Washington, DC 20024. The telephone number for the Telecommunications Device for the Hearing Impaired is (800) 877-8339.

**SUPPLEMENTARY INFORMATION:**

On January 28, 2014, FHFA published for comment in the *Federal Register* a proposed rule, and invited public comments. *See* 79 FR 4414. The comment period for the proposed rule is scheduled to close on March 31, 2014 (the 60th day after the date of publication). In response to requests from the Federal Home Loan Banks for additional time to review the proposed rule and provide comments, FHFA is extending the comment period for 45 days, changing the deadline for submitting comments on the proposed rule to May 15, 2014.

Dated: February 24, 2014.

Melvin L. Watt,

Director, Federal Housing Finance Agency.