[Federal Register Volume 67, Number 89 (Wednesday, May 8, 2002)]
[Rules and Regulations]
[Page 30772]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-11400]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 609 and 620

RIN 3052-AC02


Electronic Commerce; Disclosure to Shareholders; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA) published a final rule 
under parts 609 and 620 on April 8, 2002 (67 FR 16627). This final rule 
creates a new part on Electronic Commerce (E-commerce) and amends 
another part to specifically allow electronic disclosures. These 
changes reflect emerging business approaches to E-commerce. The final 
rule removes regulatory barriers to E-commerce and creates a flexible 
regulatory environment that facilitates the safe and sound use of new 
technologies by Farm Credit System (System) institutions and their 
customers. In accordance with 12 U.S.C. 2252, the effective date of the 
final rule is 30 days from the date of publication in the Federal 
Register during which either or both Houses of Congress are in session. 
Based on the records of the sessions of Congress, the effective date of 
the regulations is May 8, 2002.

EFFECTIVE DATE: The regulation amending 12 CFR parts 609 and 620 
published on April 8, 2002 (67 FR 16627) is effective May 8, 2002.

FOR FURTHER INFORMATION CONTACT: Dale Aultman, Policy Analyst, Office 
of Policy and Analysis, Farm Credit Administration, McLean, VA 22102-
5090, (703) 883-4498, TTY (703) 883-4434; or Jane Virga, Senior 
Attorney, Office of General Counsel, Farm Credit Administration, 
McLean, VA 22102-5090, (703) 883-4020, TTY (703) 883-2020.

(12 U.S.C. 2252(a)(9) and (10))

    Dated: May 3, 2002.
Kelly Mikel Williams,
Secretary, Farm Credit Administration Board.
[FR Doc. 02-11400 Filed 5-7-02; 8:45 am]
BILLING CODE 6705-01-P