+2.4 Setting up a remuneration committee

2.4 Setting up a remuneration committee

52.In accordance with Article 109 of the CRD and Article 95(1) of the CRD, all institutions which are themselves significant, considering the individual, parent company and group level, must establish a remuneration committee. Subsidiaries which are regulated by specific sectoral legislation (e.g. investment firms, AIFMs or UCITS managers) should follow the rules set out in the specific sectoral legislation applying to them in order to determine whether or not they are required to establish a remuneration committee. The consolidating institution should ensure that a remuneration committee is established when legally required.

53.Where a remuneration committee is established in a non-significant institution, the institution should comply with the provisions of these guidelines concerning the remuneration committee, but may combine the tasks of the remuneration committee with other tasks as long as they do not create conflicts of interest.

54.Where no remuneration committee is established, the provisions of these guidelines concerning the remuneration committee should be construed as applying to the supervisory function.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • EBA -

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