Mutual Holding Companies (Regulation MM) Modernization

Current understanding

To be populated as evidence accumulates.

Evidence log

• 2026-08-04 — Regulatory Modernization and Relief for Mutual Holding Companies: Federal Reserve proposed rule to modernize Regulation MM: eliminate certain dividend-waiver requirements, ease mutual-to-stock conversions and post-conversion restrictions, drop the federal-charter mandate for subsidiary holding companies, and clarify that specified mutual capital instruments may count as regulatory capital. (novelty: 2)

Open questions

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