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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 18

In Part 4 (directors’ remuneration policy), after paragraph 35 insert -

"35A. The directors’ remuneration report must, in respect of each person who is a director (other than a director who is not performing an executive function) -

(a) set out for performance targets or measures relating to more than one financial year, an indication of the maximum remuneration receivable assuming company share price appreciation of 50% during the relevant performance period, and

(b) provide a short description of the basis of the calculation reported under sub-paragraph (a)."