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Version status: In force | Document consolidation status: No known changes
Version date: 1 January 2019 - onwards
Version 2 of 2

Regulation 17

In Part 3 (annual report on remuneration) -

(a) In paragraph 12 (additional requirements in respect of the single total figure table) -

(i) after sub-paragraph (3)(c) insert -

"(ca) the amount of the award or, where this is not ascertainable, an estimate of the amount of the award, that is attributable to share price appreciation;", and

(ii) in sub-paragraph (3)(d) for "and how the resulting level of award was determined" substitute ", how the resulting level of award was determined and whether the discretion has been exercised as a result of share price appreciation or depreciation.";

(b) After paragraph 19 insert -

"19A. Pay ratio information in relation to the total remuneration of the director undertaking the role of chief executive officer

(1) If paragraph 19B applies to the company for the relevant financial year the directors’ remuneration report must contain pay ratio information specified in paragraphs 19C to 19G.