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The NCUA Board issued a proposed rule to delay the effective date of the NCUA’s October 29, 2015, final rule regarding risk-based capital, and the NCUA’s November 6, 2018, supplemental final rule regarding risk-based capital, moving the effective date of both rules to January 1, 2022. The 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 prepare for the rule’s implementation. During the extended delay period, the NCUA’s current Prompt Corrective Action requirements would remain in effect. The NCUA is currently awaiting comments on the proposed rule and will move toward a final rule.