Regulatory Alerts2020-12-16
Added · Updated
FG20/4: General guidance on proportionality: the Dual-regulated firms Remuneration Code (SYSC 19D)
The Financial Conduct Authority issued this guidance to clarify the operation of the proportionality rule within the Dual-regulated firms Remuneration Code and address part-year staff provisions. It applies to banks, building societies, UK designated investment firms, and specific overseas firms subject to SYSC 19D. The document has been revised to reflect updates made to the Code and should be read alongside policy statement PS20/16 and FAQs in FG20/5.
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