130. In particular where allowances are considered as fixed remuneration, but show any of the …

In particular where allowances are considered as fixed remuneration, but show any of the following features, the investment firm should duly document the results of the assessments made under section 7:

• a. they are paid only to identified staff members²¹ ;
• b. they are limited to cases where the ratio between the variable and the fixed components of remuneration would otherwise exceed the ratio set within the remuneration policy;
• c. the allowances are linked to indicators that could possibly be understood as proxies for performance. In that case the investment firm should be able to demonstrate that these indicators are not linked to the performance of the investment firm, e.g. by analysing the correlation with the performance indicators used.

²¹ Being an identified staff member should not be considered as a role or function.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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