Final Version Of The FSA's Remuneration Code.

Extract


Final Version Of The FSA's Remuneration Code.

On 12 August 2009, the FSA published the final version of its proposed Handbook Rule and supporting Code on employee remuneration for large companies in the financial services sector. These will take effect on 1 January 2010 in time for payments of bonuses next year based on this year's financial performance.

The final version of the Code is substantially the same as the draft produced in March in terms of the processes which those companies affected by the Code must fol...

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