|
+Article 31 Investment firms that benefit from extraordinary public financial support |
Article 31 Investment firms that benefit from extraordinary public financial supportArticle 31 Investment firms that benefit from extraordinary public financial support Member States shall ensure that where an investment firm benefits from extraordinary public financial support as defined in point (28) of Article 2(1) of Directive 2014/59/EU:
(a)
that investment firm does not pay any variable remuneration to members of the management body;
(b)
where variable remuneration paid to staff other than members of the management body would be inconsistent with the maintenance of a sound capital base of an investment firm and its timely exit from extraordinary public financial support, variable remuneration shall be limited to a portion of net revenue. 1. Overview
1.1 References
1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
|