On 26 February 2009, the FSA published a draft code of practice on remuneration policies relevant to firms regulated by it. The FSA stated that the aim of the code is to ensure that firms have remuneration policies that are consistent with sound risk management, and which do not expose them to excessive risk. The code is not concerned with setting levels of remuneration which the FSA believes is a matter for the boards of companies and their shareholders.

View FSA code of practice on remuneration policies, 26 February 2009