Friday, 27 July 2012

UK: FSA Remuneration Code - FSA consults on revised proportionality guidance

The Financial Services Authority has published for consultation revised guidance on proportionality in respect of the Remuneration Code (SYSC 19A) and Pillar 3 disclosures on remuneration (BIPRU 11): see here (pdf). A new framework is proposed, replacing the current four tier structure (based on capital resources) with one containing three levels based on total assets.

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