Clifford Chance

UK investment firm prudential regime: A new remuneration code for investment firms

8 July 2020

Although the UK is no longer a member of the EU and not obliged to implement the Investment Firm Regulation and Directive, legislation will be passed to enable the introduction of a new UK investment firm prudential regime.

In its recent discussion paper, the FCA indicates that this will include a new Remuneration Code for investment firms. This would impact many UK investment firms  who are not subject to existing remuneration regulations, or are able to disapply them on grounds of proportionality.

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