114. When applying the principle of proportionality, competent authorities should consider the …

When applying the principle of proportionality, competent authorities should consider the criteria laid down in the EBA Guidelines on sound remuneration policies, in particular whether the investment firm is authorised to provide the services and activities referred to in Directive 2014/65/EU, point (2), (3), (4), (6) and (7) of Section A of Annex 1. In such case the competent authority should as a general principle expect a higher level of sophistication, in particular, if the investment firm is authorised to hold clients’ money or assets.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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