Financial Services Act 2010: new powers for disclosure and regulation of financial sector remuneration

The Financial Services Act 2010 received Royal Assent on 8 April 2010 and includes powers for:  

1. HM Treasury to make regulations which require detailed disclosure of executive remuneration in fi nancial sector fi rms (with effect from 8 April 2010).  
2. The Financial Services Authority (FSA) to make rules governing the remuneration policies and practices of fi nancial sector fi rms (with effect from 8 June 2010).

Future Updates will report on the Act’s implementation.