3133-AE48 201910 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3133 National Credit Union Administration NCUA Incentive-Based Compensation Arrangements

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 requires 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.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Proposed Rule Stage No No Independent agency 12 CFR 741 12 CFR 751 12 U.S.C. 1751 et seq. 12 U.S.C. 5641 No NPRM 06/10/2016 81 FR 37670 NPRM Comment Period End 07/22/2016 Second NPRM 01/00/2020 No No None No No https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-and-recently-final-regulations/recent-final-interim-f No No 1557 Comptroller of the Currency OCC Joint 3064 Federal Deposit Insurance Corporation FDIC Joint 2590 Federal Housing Finance Agency FHFA Joint 7100 Federal Reserve System FRS Joint 3235 Securities and Exchange Commission SEC Joint Ariel Pereira Senior Staff Attorney 3133 National Credit Union Administration NCUA 703 548-2778 703 518-6569 apereira@ncua.gov 1775 Duke Street, Alexandria VA 22314