Regulatory Alerts2021-11-30
Added · Updated
Circular Letter No. CC/2021/00000056
Credit institutions must adopt necessary measures to implement new requirements regarding remuneration policies and practices to comply with the European Banking Authority's Guidelines on sound remuneration policies (EBA/GL/2021/04) by December 31, 2021. These guidelines, which replace the 2015 version, clarify provisions on early termination payments and retention bonuses following legislative changes to Directive 2013/36/EU. The document requires institutions to follow these guidelines within the context of existing legislation, specifically complementing the General Regime of Credit Institutions and Financial Companies where legally possible.
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