Heads up - Remuneration Code

On 20 April 2011, the FSA published guidance and consultation relating to the Remuneration Code requirements for investment firms. The revised Code came into force on 1 January and was extended to a larger group of firms. The new guidance provides tools to help firms comply and gives further information on certain key areas.

The rules relating to lower tier limited licence firms, invite the application of the rules in a way that is proportionate to their size, internal organisation and complexity.

For such firms, the FSA have provided certain “proposed” guidance which can be used immediately.

Related news articles - for FSA regulated firms.