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Legal Briefing
Remuneration Code: FSA publishes final guidance and consults on 'Dear CEO' letters
Practice Area: Financial Reporting
Sector: Business services
Jurisdiction: England & Wales
Published: 11 August 2011
Law Firm: Travers Smith
Overview
The Financial Services Authority has now published finalised guidance on the Remuneration Code in SYSC 19A.
At the same time, it has launched a consultation on two proposed 'Dear CEO' letters, one for firms in proportionality Tier 1 and the other for firms in proportionality Tiers 2, 3 and 4.
This briefing aims to make businesses aware of the new material, as many firms have been working with the consultation versions and will want to understand what changes have been made.
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