# 12 C.F.R. § 265.11 (2026): Functions delegated to the Director of the Division of Reserve Bank Operations and Payment Systems

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_11

## Section

- **Citation:** 12 C.F.R. § 265.11 (2026)
- **Heading:** Functions delegated to the Director of the Division of Reserve Bank Operations and Payment Systems
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter II: FEDERAL RESERVE SYSTEM / Part 265: RULES REGARDING DELEGATION OF AUTHORITY / Subpart B: Delegations of Authority / § 265.11: § 265.11   Functions delegated to the Director of the Division of Reserve Bank Operations and Payment Systems.

## Text

The Director of the Division of Reserve Bank Operations and Payment Systems (or the Director's delegatee) is authorized:
(a)
Designated financial market utilities.
(1) To issue a notice of no objection to a designated financial market utility relating to an advance notice of proposed material change submitted under section 806(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5465(e)) and section 234.4 of Regulation HH (12 CFR 234.4).
(2) To extend the review period for proposed changes that raise novel or complex issues and to request additional information from the designated financial market utility for consideration of the notice.
(b)
Regulation II.
(1) In consultation with the Director of the Division of Supervision and Regulation and the General Counsel, to approve the publication of annual lists of institutions that fall above and below the small issuer exemption asset threshold under Regulation II (12 CFR part 235).
(2) In consultation with the General Counsel, to approve the publication of annual lists of the average interchange fees each network provides to non-exempt and exempt issuers.
(c)
Regulation HH.
After consulting with interested division directors, to establish the process for receiving notifications described in section 234.3(a)(17)(vi)(A) of the Board's Regulation HH (12 CFR 234.3(a)(17)(vi)(A)) and to provide notice of this process to affected firms.
[87 FR 54003, Sept. 1, 2022, as amended at 88 FR 32622, May 22, 2023; 91 FR 10745, Mar. 5, 2026]

## Nearby sections

- [12 C.F.R. § 265.4 (2026) § 265.4   Functions delegated to Board members or staff within the Division of Board Members.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_4.md)
- [12 C.F.R. § 265.5 (2026) § 265.5   Functions delegated to the Secretary of the Board.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_5.md)
- [12 C.F.R. § 265.6 (2026) § 265.6   Functions delegated to the General Counsel.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_6.md)
- [12 C.F.R. § 265.7 (2026) § 265.7   Functions delegated to the Director of the Division of Supervision and Regulation.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_7.md)
- [12 C.F.R. § 265.8 (2026) § 265.8   Functions delegated to the Director of the Division of Consumer and Community Affairs.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_8.md)
- [12 C.F.R. § 265.9 (2026) § 265.9   Functions delegated to the Director of the Division of International Finance.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_9.md)
- [12 C.F.R. § 265.10 (2026) § 265.10   Functions delegated to the Director of the Division of Monetary Affairs.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_10.md)
- [12 C.F.R. § 265.11 (2026) § 265.11   Functions delegated to the Director of the Division of Reserve Bank Operations and Payment Systems.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_11.md)
- [12 C.F.R. § 265.12 (2026) § 265.12   Functions delegated to the Secretary of the Federal Open Market Committee.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_12.md)
- [12 C.F.R. § 265.13 (2026) § 265.13   Functions delegated to the Director of the Division of Financial Stability.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_13.md)
- [12 C.F.R. § 265.20 (2026) § 265.20   Functions delegated to Federal Reserve Banks.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_20.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P265_S265_11. Check the current official text before relying on it. Not legal advice.