Treasury Issues Interim Final Rules for Recipients of TARP Funds


On June 10, 2009, the Treasury Department issued in-depth guidance (the “Interim Final Rules”) on the restrictions and requirements placed on firms receiving financial assistance under the Troubled Asset Relief Program (“TARP”). The Interim Final Rules provide detailed guidance in relation to executive compensation and corporate governance. The following summarizes what has been clarified and expanded by the Interim Final Rules...

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Published In: General Business Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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