Delay of Effective Date of the Risk-Based Capital Rules

The NCUA Board (Board) is seeking comment on a proposed rule that woulddelay the effective date of the NCUA’s October 29, 2015 final rule regarding risk-based capital (2015 Final Rule), and the NCUA’s November 6, 2018 supplemental final rule regarding risk- based capital (2018 Supplemental Rule), moving the effective date of both rules to January 1, 2022. This proposed delay would allow the NCUA Board additional time to holistically and comprehensively evaluate capital standards for federally insured credit unions. The proposed delay would also provide covered credit unions and the NCUA with additional time to preparefor the rule’s implementation. During the extended delay period, the NCUA’s current Prompt Corrective Action (PCA) requirements would remain in effect.