PS23/15: Remuneration: Ratio between fixed and variable components of total remuneration

The Prudential Regulation Authority issued Policy Statement PS23/15 to finalize rules regarding the ratio between fixed and variable components of total remuneration. The document establishes requirements for firms to ensure that variable pay components are appropriately balanced against fixed pay to promote sound risk management. These measures aim to align remuneration practices with long-term stability and mitigate excessive risk-taking within the financial sector.

United Kingdom

Financial Conduct Authority

Consultation opened

19/12/2022

Consultation closed

31/03/2023

Policy Statement

24/10/2023