FCA Remuneration Code Principles—comparison checklist

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • FCA Remuneration Code Principles—comparison checklist
  • The FCA remuneration codes
  • Staff covered by the Codes
  • Differences and similarities in the various remuneration code principles
  • Risk management and risk tolerance
  • Supporting business strategy, objectives, values and interests and avoiding conflicts of interests
  • Governance
  • Control functions
  • Remuneration and capital
  • Exceptional government intervention
  • More...

FCA Remuneration Code Principles—comparison checklist

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

The FCA remuneration codes

The FCA Handbook currently contains five remuneration codes (Codes):

  1. the IFPRU Remuneration Code—see Practice Note: IFPRU Remuneration Code

  2. the AIFM Remuneration Code—see Practice Note: AIFMD—Remuneration Code

  3. the BIPRU Remuneration Code (BIPRU Code)—see Practice Note: Remuneration Code for BIPRU firms

  4. the Dual-regulated Firms Remuneration Code—see Practice Note: Remuneration Code for Dual Regulated Firms, and

  5. the UCITS Remuneration Code— see Practice Note: UCITS Remuneration Code

The Codes set out detailed requirements regarding a firm’s remuneration policies and practices which must be applied in relation to specific categories of identified staff. See Staff covered by the Codes below. A firm should consider whether it falls directly within the scope of one or more of the Codes and, if not, whether it is indirectly subject to any of the Codes by virtue of a delegation arrangement between it and another firm, that is itself within the scope of one of

Popular documents