(1) An investment firm shall comply with the principles specified in paragraph (2) when establishing and applying its remuneration policies for categories of staff, including -

(a) senior management,

(b) risk takers,

(c) staff engaged in control functions, and

(d) any employees -

(i) receiving overall remuneration equal to at least the lowest remuneration received by senior management or risk takers, and

(ii) whose professional activities have a material impact on the risk profile of the investment firm or of the assets that it manages.

(2) The principles referred to in paragraph (1) are as follows:

(a) the remuneration policy is clearly documented and proportionate to the size, internal organisation and nature, as well as to the scope and complexity of the activities, of the investment firm;

(b) the remuneration policy is a gender-neutral remuneration policy;

(c) the remuneration policy is consistent with and promotes sound and effective risk management;

(d) the remuneration policy is in line with the business strategy and objectives of the investment firm, and also takes into account long term effects of the investment decisions taken;