4.3  The journey so far  In the last seventeen months, the implementation of the various aspects of the reforms has been vigorously pursued. Far reaching measures and initiatives have been put in place. New prudential guidelines were issued in May 2010. The AMCON Act has been signed into law and the Board inaugurated.
I expect that the final rule would, among other things, respond to the concern of some firms that the timing of the first capital planning process did not provide for appropriate capital distributions in the first quarter of the succeeding calendar year.