285. When setting criteria for the application of malus and clawback in accordance with Article …

When setting criteria for the application of malus and clawback in accordance with Article 32(1)(m) of Directive (EU) 2019/2034, investment firms should also set a period during which malus or clawback will be applied to identified staff. This period should at least cover deferral and retention periods. Investment firms may differentiate between criteria for the application of malus and clawback. Clawback should in particular be applied in the case of fraud or other conduct with intent or severe negligence which led to significant losses.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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