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New Clawback Rules’ Effective Date Delayed

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Both the NYSE and Nasdaq have filed rule amendments that will delay the effective dates for their new clawback listing rules. These rule amendments were approved by the SEC late Friday, June 9, 2023, so listed companies will have until December 1, 2023 to have compliant clawback policies in place. The amended clawback listing rules apply to Incentive Compensation granted on or after October 2, 2023.

Here are links to the filed rule amendments: