# Amendments to the Capital Plan Rule
> **US Federal Reserve System** · Final rule. · Published 2019-03-13 · Effective 2019-03-13 · 84 FR 8953
## Document
- **Document number:** 2019-04515
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 84 FR 8953
- **CFR reference:** 12 CFR 225
- **Publication date:** 2019-03-13
- **Effective date:** 2019-03-13
- **Docket:** Regulations Y
## Abstract

The Board is amending the capital plan rule to limit the scope of potential objections to a firm's capital plan on the basis of qualitative deficiencies in the firm's capital planning process (qualitative objection). In particular, effective immediately, the Board will no longer issue a qualitative objection under the capital plan rule to a firm if the firm has been subject to a potential qualitative objection for four consecutive years, and the firm does not receive a qualitative objection in the fourth year of that period. In addition, except for certain firms that have received a qualitative objection in the immediately prior year, the Board will no longer issue a qualitative objection to any firm effective January 1, 2021.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2019/03/13/2019-04515/amendments-to-the-capital-plan-rule)
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