federal_register: 2014-06783

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2014-06783 Organization; Disclosure to Shareholders; Disclosure to Investors in System-wide and Consolidated Bank Debt Obligations of the Farm Credit System; Advisory Vote Rule The Farm Credit Administration (FCA, we, or our) issues this interim final rule amending its regulations to remove all requirements for non-binding, advisory votes at Farm Credit System (System) banks and associations. This rule is in response to recent legislation wherein Congress provided that no funds available to the FCA may be used to "implement or enforce" regulations requiring non-binding, advisory votes on senior officer compensation, and directed the FCA to review its rules to ensure they reflect Congressional intent that a primary responsibility of the boards of directors of System institutions is to oversee compensation practices. 2014-03-31 2014 3 https://www.federalregister.gov/documents/2014/03/31/2014-06783/organization-disclosure-to-shareholders-disclosure-to-investors-in-system-wide-and-consolidated-bank https://www.govinfo.gov/content/pkg/FR-2014-03-31/pdf/2014-06783.pdf Farm Credit Administration 154 The Farm Credit Administration (FCA, we, or our) issues this interim final rule amending its regulations to remove all requirements for non-binding, advisory votes at Farm Credit System (System) banks and associations. This rule is in response to...  

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