Regulatory Alerts2022-12-16
Added · Updated
PS23/15: Remuneration: Ratio between fixed and variable components of total remuneration
The Prudential Regulation Authority issued Policy Statement 23/15 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 mitigate excessive risk-taking. These measures aim to align remuneration structures with long-term stability and prudent risk management practices across the regulated sector.
Consultation opened
19/12/2022
Consultation closed
31/03/2023
Policy Statement
24/10/2023
24/10/2023
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