113. Competent authorities should assess at least whether: a. the remuneration policy for all staff …

Competent authorities should assess at least whether:

• a. the remuneration policy for all staff is consistent with the investment firm’s business and risk strategies, corporate culture and values, the long-term interests of the investment firm and the measures taken to avoid conflicts of interest, is gender neutral and does not encourage excessive risk taking and is maintained, approved and overseen by the management body;
• b. staff whose professional activities have a material impact on the investment firm’s risk profile or assets under management are identified appropriately and in line with regulatory technical standard under Article 30(4) of Directive (EU) 2019/2034;
• c. variable remuneration does not affect the investment firms ability to ensure a sound capital base and is awarded in compliance with the requirements in Article 32 of Directive (EU) 2019/2034;
• d. remuneration of internal control functions where established is not linked to the performance of the activities the control functions monitor and control and does not otherwise likely compromise their objectivity;
• e. investment firms established, where applicable, a remuneration committee to advise the management body in its supervisory function and to prepare the decisions to be taken by this body. Where no remuneration committee has to be established, the requirements concerning the remuneration committee should be construed as applying to the management body in its supervisory function; and
• f. remuneration policy is subject to an independent internal review by internal control functions.

1. Overview

1.1 References

• Article 30 4.
• Article 32 Variable remuneration

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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