Remuneration issues for financial services firms

Remuneration issues for financial services firms guidance:

Background In November 2016 the government, acting through the Department for Business, Energy and Industrial Strategy (BEIS), published a green paper on corporate...

Practice Note

BREXIT: The UK is due to leave the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance...

Practice Note

As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation...

Practice Note

This Practice Note outlines the regulatory framework for remuneration of directors of quoted and unquoted traded companies against the current backdrop of increased...

Practice Note

Background to the remuneration codes The FCA Handbook currently contains five remuneration codes (Codes), with change driven by European Directives that include the Third...

Practice Note

This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the FCA’s High Level...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

This Practice Note explains the high-level requirements of the Remuneration Code (the Code) set out in FCA Handbook SYSC 19A. The Code sets out the standards that banks,...

Practice Note

The law relating to insider dealing is contained in Part V of the Criminal Justice Act 1993 (CJA 1993). The offences contained in CJA 1993 are criminal offences and exist...

Practice Note

The use of malus and clawback The concept of withholding or even recovering value from executives if a material adverse event occurs following the award of...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

General role and responsibility of a non-executive director (NED) For information about the roles and responsibilities of NEDs, see Practice Note: Non-executive directors...

Practice Note

Background to the Fundamental Rules Prior to the creation of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in 2013, the predecessor...

Practice Note

This Practice Note explains the Remuneration Code for BIPRU firms (the BIPRU Code) under Chapter 19C of the Senior Management Arrangements, Systems and Controls...

Practice Note

Introduction This Practice Note explains the high-level requirements of the Remuneration Code for Dual Regulated Firms (the Code) set out in SYSC 19D of the FCA Handbook....

Practice Note

What is the AIFM Directive? The Alternative Investment Fund Managers Directive (AIFMD) introduced a secure, harmonised EU framework for monitoring and supervising...

Practice Note

What are the remuneration codes? The FCA Handbook currently contains five remuneration codes (Codes), with change driven by European Directives that include the Third...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note