Employment Contracts, Mutual to Stock Conversions, Technical Amendments

Title:
Employment Contracts, Mutual to Stock Conversions, Technical Amendments
Subject: Employment contracts, conversions
Agency: OCC
Status: Final rule
Summary:

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 Additionally, the final rule updates cross-references to repealed and integrated rules, removes unnecessary definitions, and makes technical changes to other OCC rules.

FR Doc: 2019-28074 (proposed rule); RIN 1557-AE21 (final rule)
Date proposed:
Comments due date:

March 9, 2020

Final rule effective date: 30 days after publication in the Federal Register
Rule compliance date:
Agency release:

Related Reg Report item(s):

OCC proposes to repeal FSA employment contract rules, ease rules on conversion from mutual to stock form

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