12 CFR 620 - DISCLOSURE TO SHAREHOLDERS | LII / Legal Information Institute

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Authority: Secs. 4.19, 5.9, 5.17, 5.19, 8.11 of the Farm Credit Act (12 U.S.C. 2207, 2243, 2252, 2254, 2279aa-11 ); sec. 424 of Pub. L. 100-233, 101 Stat. 1568, 1656; sec. 514 of Pub. L. 102-552, 106 Stat. 4102.

Title 12 published on 2012-01-01

The following are only the Rules published in the Federal Register after the published date of Title 12.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

2012-10-03; vol. 77 # 192 - Wednesday, October 3, 2012

77 FR 60582 - Compensation, Retirement Programs, and Related Benefits

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2012-23726
RIN	3052-AC41

FARM CREDIT ADMINISTRATION

Final rule.

Effective Date —This regulation will be effective 30 days after publication in the Federal Register during which either or both Houses of Congress are in session. We will publish a notice of the effective date in the Federal Register . Compliance Date —All provisions of this rule require compliance on the effective date, except advisory votes on compensation increases under § 611.410(b). Advisory votes on compensation increases of 15 percent or more are not required until 2014.

12 CFR Parts 611, 612, 619, 620 and 630

Summary

The Farm Credit Administration (FCA, us, we, or our) amends our regulations for Farm Credit System (System) banks and associations to require disclosure of pension benefit and supplemental retirement plans and a discussion of the link between senior officer compensation and performance. Also, we are amending our regulations to require timely reporting of significant or material events that occur at System institutions between annual reporting periods. We believe these requirements will promote transparency of and consistency in disclosures and ensure timely reporting to shareholders. In addition, the final rule establishes minimum responsibilities that a compensation committee must perform. Further, the final rule requires that System banks and associations provide for a non-binding, advisory vote on senior officer compensation by shareholders. Also, the final rule bifurcates existing annual reporting requirements at § 620.5 and makes other technical changes.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code

USC : Title 12 - BANKS AND BANKING

§ 2207 - Young, beginning, and small farmers and ranchers

§ 2254 - Examinations

12 USC § 2279aa–11 - Supervision, examination, and report of condition

Statutes at Large

101 Stat. 1568

101 Stat. 1656

106 Stat. 4102

Title 12 published on 2012-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR 620 after this date.

2012-10-03; vol. 77 # 192 - Wednesday, October 3, 2012

77 FR 60582 - Compensation, Retirement Programs, and Related Benefits

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2012-23726
RIN	3052-AC41

FARM CREDIT ADMINISTRATION

Final rule.

Effective Date —This regulation will be effective 30 days after publication in the Federal Register during which either or both Houses of Congress are in session. We will publish a notice of the effective date in the Federal Register . Compliance Date —All provisions of this rule require compliance on the effective date, except advisory votes on compensation increases under § 611.410(b). Advisory votes on compensation increases of 15 percent or more are not required until 2014.

12 CFR Parts 611, 612, 619, 620 and 630

Summary

The Farm Credit Administration (FCA, us, we, or our) amends our regulations for Farm Credit System (System) banks and associations to require disclosure of pension benefit and supplemental retirement plans and a discussion of the link between senior officer compensation and performance. Also, we are amending our regulations to require timely reporting of significant or material events that occur at System institutions between annual reporting periods. We believe these requirements will promote transparency of and consistency in disclosures and ensure timely reporting to shareholders. In addition, the final rule establishes minimum responsibilities that a compensation committee must perform. Further, the final rule requires that System banks and associations provide for a non-binding, advisory vote on senior officer compensation by shareholders. Also, the final rule bifurcates existing annual reporting requirements at § 620.5 and makes other technical changes.

2012-09-13; vol. 77 # 178 - Thursday, September 13, 2012

77 FR 56571 - Unincorporated Business Entities

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2012-22382
RIN	3052-AC65

FARM CREDIT ADMINISTRATION

Proposed rule.

Comments on this proposed rule must be submitted on or before November 13, 2012.

12 CFR Parts 604, 611, 612, 619, 620, 621, 622, 623, and 630

Summary

The Farm Credit Administration (FCA, we, or our) is proposing to establish a regulatory framework for Farm Credit System (System) institutions' use of unincorporated business entities (UBEs) organized under State law for certain business activities. For purposes of this proposed rule, a UBE includes limited partnerships (LPs), limited liability partnerships (LLPs), limited liability limited partnerships (LLLPs), limited liability companies (LLCs), and any other unincorporated business entities, such as unincorporated business trusts, organized under State law. This rule does not apply to UBEs that one or more System institutions may establish as Rural Business Investment Companies (RBICs) pursuant to the institutions' authority under the provisions of title VI of the Farm Security and Rural Investment Act of 2002, as amended (FSRIA), and United States Department of Agriculture (USDA) regulations implementing FSRIA. This rule does apply, however, to System institutions that organize UBEs for the express purpose of investing in RBICs.

2012-03-21; vol. 77 # 55 - Wednesday, March 21, 2012

77 FR 16485 - Compensation, Retirement Programs, and Related Benefits

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2012-6806
RIN	3052-AC41

FARM CREDIT ADMINISTRATION

Proposed rule; extension of comment period.

Comments on the proposed rule must be submitted on or before April 16, 2012.

12 CFR Parts 611, 612, 619, 620 and 630

Summary

The Farm Credit Administration (FCA, us, we, or our) published a proposed rule to amend our regulations related to Farm Credit System (System) bank and association disclosures to shareholders and investors. The proposed rule would require enhanced reporting of senior officer compensation and retirement programs and reporting to shareholders of significant events that occur between annual reporting periods. The proposed rule would also identify the minimum responsibilities a compensation committee must perform and require that System banks and associations provide for a nonbinding, advisory vote on senior officer compensation. To allow interested parties additional time to submit comments, we are extending the comment period on the proposed rule from March 23, 2012 to April 16, 2012.

2012-01-23; vol. 77 # 14 - Monday, January 23, 2012

77 FR 3172 - Compensation, Retirement Programs, and Related Benefits

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2012-901
RIN	3052-AC41

FARM CREDIT ADMINISTRATION

Proposed rule.

Submit comments on or before March 23, 2012.

12 CFR Parts 611, 612, 619, 620 and 630

Summary

The Farm Credit Administration (FCA, us, we, or our) proposes to amend our regulations related to Farm Credit System (System) bank and association disclosures to shareholders and investors. The proposed rule would require reporting of supplemental retirement plans, a discussion of the link between senior officer compensation and performance, and timely and transparent reporting to shareholders of significant events that occur between annual reporting periods. We believe the proposed changes will provide full, transparent and consistent disclosures to shareholders. The proposed rule would identify the minimum responsibilities a compensation committee must perform to ensure it continues to exercise good stewardship, and require that System banks and associations provide for a nonbinding, advisory vote on senior officer compensation in order to engage shareholders in the management and control of their institution. Also, the proposed rule would bifurcate existing annual reporting requirements at § 620.5 and make other conforming technical changes.

12 CFR 620 - DISCLOSURE TO SHAREHOLDERS

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