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May 16, 2024 | 
mondaq.com | Stephanie B. Vasconcellos |Ryan J. Liebl |Matthew Bisanz |Andrew Olmem
On May 6, 2024, the Federal Deposit Insurance Corporation
(FDIC), the Office of the Comptroller of the Currency (OCC), the
Federal Housing Finance Agency (FHFA) and National Credit Union
Administration (NCUA; collectively the "Four Agencies")
reproposed a joint rule (the "2024 Proposal") to
regulate incentive-based compensation paid by certain financial
services firms ("Covered Institutions").
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May 14, 2024 | 
jdsupra.com | Matthew Bisanz |Ryan J. Liebl |Andrew Olmem
On May 6, 2024, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Federal Housing Finance Agency (FHFA) and National Credit Union Administration (NCUA; collectively the “Four Agencies”) reproposed a joint rule (the “2024 Proposal”) to regulate incentive-based compensation paid by certain financial services firms (“Covered Institutions”).
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May 13, 2024 | 
lexology.com | Stephanie B. Vasconcellos |Ryan J. Liebl |Matthew Bisanz |Andrew Olmem |Jeffrey Taft
On May 6, 2024, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Federal Housing Finance Agency (FHFA) and National Credit Union Administration (NCUA; collectively the “Four Agencies”) reproposed a joint rule (the “2024 Proposal”) to regulate incentive-based compensation paid by certain financial services firms (“Covered Institutions”).
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Aug 24, 2023 | 
mondaq.com | Ryan J. Liebl
In this MB Microtalk video, Mayer Brown's Ryan Liebl
provides an overview of the new requirements for clawback policies
for public companies, which require such companies to recoup excess
incentive-based compensation awarded or paid to current and former
executive officers in the event of a restatement of a company's
financial statements.
Visit our MB Microtalk page for more topics and
talks.
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Aug 9, 2023 | 
mondaq.com | Ryan J. Liebl |Laura D. Richman |Duncan A.W. Abate |Miriam Bruce
In October 2022, the SEC adopted Rule 10D-1, directing national
securities exchanges to establish listing standards that prohibit
the listing of any security of a company that does not adopt and
implement a written policy requiring the recovery, or
"clawback," of certain erroneously paid incentive-based
executive compensation.
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Aug 7, 2023 | 
lexblog.com | Ryan J. Liebl |Laura D. Richman |Miriam Bruce |Aline Marques Fidelis
In October 2022, the SEC adopted Rule 10D-1, directing national securities exchanges to establish listing standards that prohibit the listing of any security of a company that does not adopt and implement a written policy requiring the recovery, or “clawback,” of certain erroneously paid incentive-based executive compensation.
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Jun 15, 2023 | 
mondaq.com | Jennifer Carlson |Laura D. Richman |Ryan J. Liebl |David A. Schuette
On June 9, 2023, the US Securities and Exchange Commission
("SEC") approved the clawback listing standards proposed
by the New York Stock Exchange ("NYSE") and The Nasdaq
Stock Market ("Nasdaq"), each as required by SEC Rule
10D-1 in accordance with the Dodd-Frank Wall Street Reform and
Consumer Protection Act.
Earlier in June 2023, both the NYSE and Nasdaq amended their
proposed listing standards to provide for an October 2, 2023
effective date.
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Jun 13, 2023 | 
lexblog.com | Jennifer Carlson |Laura D. Richman |Ryan J. Liebl |David A. Schuette
On June 9, 2023, the US Securities and Exchange Commission (“SEC”) approved the clawback listing standards proposed by the New York Stock Exchange (“NYSE”) and The Nasdaq Stock Market (“Nasdaq”), each as required by SEC Rule 10D-1 in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act. Earlier in June 2023, both the NYSE and Nasdaq amended their proposed listing standards to provide for an October 2, 2023 effective date.
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Jun 13, 2023 | 
lexology.com | Laura D. Richman |Jennifer Carlson |David A. Schuette |Ryan J. Liebl
Executive SummaryOn June 9, 2023, the U.S. Securities and Exchange Commission (the "SEC") approved the clawback listing standards proposed by the New York Stock Exchange ("NYSE") and The Nasdaq Stock Market ("Nasdaq"), each as required by SEC Rule 10D-1 in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.1 Earlier in June 2023, both the NYSE and Nasdaq amended their proposed listing standards to provide for an October 2, 2023 effective date.
