We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
The FSA's more interventionist role in scrutinising new senior management jobs at large financial services firms has forced firms to drop nearly one in ten (9) of applicants as the FSA had indicated that they may reject applicants they do not approve of says Reynolds Porter Chamberlain (RPC), the City law firm
HM Treasury has now published the Financial Services Bill which, if enacted, will give the Treasury power to make regulations concerning the disclosure of remuneration and will require the FSA to require regulated companies to have remuneration policies that are consistent with effective risk management and international standards, including those adopted by the G20
The Financial Services Act 2010 received Royal Assent on 8 April 2010 and includes powers for: HM Treasury to make regulations which require detailed disclosure of executive remuneration in financial sector firms (with effect from 8 April 2010
