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TREAS/OCC | RIN: 1557-AD39 | Publication ID: Spring 2014 |
Title: Incentive-Based Compensation Arrangements | |
Abstract: Section 956 of the Dodd-Frank Act requires the OCC, FRB, FDIC, NCUA, SEC, and FHFA to jointly prescribe regulations or guidance prohibiting any type of incentive-based payment arrangement, or any feature of any such arrangement, that the regulators determine encourages inappropriate risks by covered financial institutions by providing an executive officer, employee, director, or principal shareholder with excessive compensation, fees or benefits, or that could lead to material financial loss to the covered financial institution. The Act also requires such agencies to jointly prescribe regulations or guidance requiring each covered financial institution to disclose to its regulator the structure of all incentive-based compensation arrangements offered by such institution sufficient to determine whether the compensation structure provides any officer, employee, director, or principal shareholder with excessive compensation, or could lead to material financial loss to the institution. The agencies issued a proposed rule on April 14, 2011. | |
Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 42 12 CFR 563h (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: PL 111-203, sec 956 12 USC 5641 12 USC 1462a to 1464 12 USC 1467a 12 USC 5641 |
Legal Deadline:
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Overall Description of Deadline: Regulations or guidelines required nine months after the date of enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) (Pub. L. 111-203). |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 1550-AC49, Related to 1557-AD54 | |
Agency Contact: Charlotte Bahin Senior Counsel Department of the Treasury Comptroller of the Currency 407 7th Street SW., Washington, DC 20219 Phone:202 649-6281 |