Aggregated News From Investment Management Regulators

FCA announces proposals to update Dual-regulated firms Remuneration Code

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The proposals aim to ensure that the FCA’s remuneration regime applicable to banks, building societies and PRA-designated investment firms:

  • continues to promote healthy cultures and minimise harm to consumers and markets
  • remains largely consistent with the PRA’s remuneration framework 

All interested stakeholders are invited to provide feedback on the FCA’s consultation paper by 30 September 2020.

The PRA has also issued a consultation on implementing CRD V, including on remuneration. Both publications follow HM Treasury’s recent consultation document on Updating the UK’s Prudential Regime before the end of the Transition Period.

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Regulator Information

Regulator Name: Financial Conduct Authority
Abbreviation: FCA
Jurisdiction: United Kingdom

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