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Employment Contracts, Mutual to Stock Conversions

banking-occ · OCC · Rule · Published 2020-07-14 · Effective 2020-08-13 · 85 FR 42630

Document

Document number
2020-12784
Federal Register citation
85 FR 42630
CFR reference
12 CFR 3
Type
Rule
Action
Final rule and technical amendments.
Category
banking-occ
Sub-agency
OCC
Publication date
2020-07-14
Effective date
2020-08-13
Treasury docket
Docket ID OCC-2018-0041

Abstract

The OCC is issuing a final rule that repeals the OCC's employment contracts rule for Federal savings associations. This change was recommended in the March 2017 Economic Growth and Regulatory Paperwork Reduction Act report. The final rule also amends the OCC's rule for conversions from mutual to stock form of a savings association to reduce burden, provide clarity, increase flexibility, and update cross-references. Additionally, the final rule updates cross-references to repealed and integrated rules, removes unnecessary definitions, and makes technical changes to other OCC rules.

Source

Authoritative
Federal Register document
Machine
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