Regulatory Alerts2022-12-16
Added · Updated
Remuneration: Ratio between fixed and variable components of total remuneration
The document removes the existing limits on the ratio between fixed and variable components of total remuneration, commonly referred to as the bonus cap. These joint rule changes with the Prudential Regulation Authority apply to banks, building societies, and PRA-designated investment firms. The requirements come into effect on 31 October 2023 and apply to current and future performance years.
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