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Text of Treasury Department Final Regs: Executive Compensation Requirements for Participants in Capital Purchase Program under Troubled Asset Relief Program (PDF)
U.S. Department of the Treasury
[Official Guidance] Jan. 23, 2009
18 pages. Excerpt: SUMMARY: This interim final rule ... provides further guidance on the executive compensation provisions applicable to participants in the Troubled Asset Relief Program (TARP) Capital Purchase Program (CPP). The Department of the Treasury published an interim final rule in 31 CFR Part 30 on October 20, 2008 (October Interim Final Rule) providing guidance on section 111(b) of EESA, which requires financial institutions from which the Treasury is purchasing troubled assets through direct purchases to meet appropriate standards for executive compensation and corporate governance. This interim final rule provides one technical amendment and two clarifications to the October Interim Final Rule and provides reporting and recordkeeping requirements regarding theexecutive compensation requirements in the October Interim Final Rule and this interim final rule.
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