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ARTICLE · 27 APRIL 2016

New Executive Compensation Rule At-A-Glance

Morrison Foerster
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On April 21, 2016, the National Credit Union Administration approved a proposed rule on incentive compensation under Section 956 of the Dodd-Frank Act.

United StatesFinance and Banking

On April 21, 2016, the National Credit Union Administration approved a proposed rule on incentive compensation under Section 956 of the Dodd-Frank Act. The other appropriate Federal regulators, as defined in Section 956, are expected to follow suit shortly. Following is a chart of the key provisions of the proposal. Comments are due July 22, 2016. This chart summarizes the proposed rules required under Dodd-Frank regarding incentive compensation at certain "covered financial institutions" (Level 1, Level 2 and Level 3):

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Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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