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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 March 2014 - onwards
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Regulation 81 Institutions that benefit from government intervention

The additional principles, referred to in Regulation 80(4), are the following:

(a) variable remuneration is strictly limited as a percentage of net revenue where it is inconsistent with the maintenance of a sound capital base and timely exit from government support;

(b) the Bank requires the institution to restructure remuneration in a manner aligned with sound risk management and long-term growth, including, where appropriate, establishing limits to the remuneration of the members of the management body of the institution;

(c) no variable remuneration is paid to members of the management body of the institution unless justified.

Comparing proposed amendment...