[137I Remuneration policies: Treasury direction to consider compliance]
[137I Remuneration policies: Treasury direction to consider compliance]

[(1)     This section applies where either regulator exercises its power to make general rules so as to make rules requiring authorised persons, or authorised persons of a description specified in the rules, to act in accordance with a remuneration policy.

(2)     A “remuneration policy” is a policy about the remuneration by an authorised person of—

(a)     officers,

(b)     employees, or

(c)     other persons,

of a description specified in the rules.

(3)     The Treasury may direct the regulator to consider whether the remuneration policies of authorised persons specified in the direction (or of authorised persons of a description so specified) comply with requirements imposed by rules made by that regulator as to the contents of the policies.

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