Incentive-Based Compensation Arrangements

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Office of the Comptroller of the Currency 12 CFR Part 42 [Docket No. OCC-2011-0001] RIN 1557-AD39 Federal Reserve System 12 CFR Part 236 [Docket No. R-1410] RIN 7100-AD69 Federal Deposit Insurance Corporation 12 CFR Part 372 RIN 3064-AD56 Department of the Treasury Office of Thrift Supervision 12 CFR Part 563h [Docket No. OTS-2011-0004] RIN 1550-AC49 National Credit Union Administration 12 CFR Parts 741 and 751 RIN 3133-AD88 Securities and Exchange Commission 17 CFR Part 248 [Release No. 34-64140; File no. S7-12-11] RIN 3235-AL06 Federal Housing Finance Agency 12 CFR Part 1232 RIN 2590-AA42 AGENCY: Office of the Comptroller of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); Office of Thrift Supervision, Treasury (OTS); National Credit Union Administration (NCUA); U.S. Securities and Exchange Commission (SEC); and Federal Housing Finance Agency (FHFA). ACTION: Proposed Rule. SUMMARY: The OCC, Board, FDIC, OTS, NCUA, SEC, and FHFA (the Agencies) are proposing rules to implement section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The proposed rule would require the reporting of incentive-based compensation arrangements by a covered financial institution and prohibit incentive-based compensation arrangements at a covered financial institution that provide excessive compensation or that could expose the institution to inappropriate risks that c…