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NCUA | RIN: 3133-AE48 | Publication ID: Spring 2020 |
Title: Incentive-Based Compensation Arrangements | |
Abstract:
The National Credit Union Administration, Comptroller of the Currency, Federal Deposit Insurance Corporation, Federal Housing Finance Agency, Board of Governors of the Federal Reserve System, and Securities and Exchange Commission proposed a joint rule to implement section 956 of the Dodd-Frank Act in 2016. Section 956 requires the regulators to issue regulations or guidelines prohibiting incentive-based compensation arrangements that the regulators determine encourage inappropriate risks and require institutions to disclose information about the structure of their incentive-based compensation plans to the appropriate regulator. The agencies are working together to re-propose an updated version of the 2016 proposal. |
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Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 741 12 CFR 751 | |
Legal Authority: 12 U.S.C. 1751 et seq. 12 U.S.C. 5641 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-and-recently-final-regulations | |
RIN Data Printed in the FR: No | |
Related Agencies: Joint: TREAS/OCC, FDIC, FHFA, FRS, SEC; | |
Agency Contact: Ariel Pereira Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 548-2778 Fax:703 518-6569 Email: apereira@ncua.gov |