New regs for Monday: Banks, trucks, pharmaceutical

Monday’s edition of the Federal Register delays new banking disclosure guidelines and contains exemptions for truck drivers.

Here’s what is happening:

Banking: The Securities and Exchange Commission (SEC) is delaying new banking disclosures.

The SEC is considering revising the statistical disclosure guidelines for banks, which could lead to the agency removing duplicative rules, but it will extend the comment period to give the public more time to consider the changes.

The public now has until July 7 to comment.

Pharmaceutical: The Food and Drug Administration’s (FDA) is inviting pharmaceutical companies to take part in regulatory tours with the agency’s Center for Drug Evaluation and Research.

Pharmaceutical companies have 60 days to respond.

Trading: The Commodity Futures Trading Commission (CFTC) is updating the fees it charges certain self-regulatory organizations.

The self-regulatory organizations have 60 days to pay.

Trucks: The Federal Motor Carrier Safety Administration (FMCSA) will allow dozens of truck drivers who suffer from poor vision in one eye to get behind the wheel.

The FMCSA exempted 31 truck drivers from vision requirements that would otherwise prohibit them from operating a commercial motor vehicle between states. The exemptions came in two separate rulemakings. 

The FMCSA determined these drivers can see well enough in the other eye that they will not increase the danger on the roads.

The FMCSA is also reviewing applications from an additional 10 truck drivers, who are requesting exemptions from the vision requirements. 

The public has 30 days to comment.