The Financial Services Bill gives the Treasury the power to lay regulations requiring greater disclosure of banker's pay. As part of the scrutiny process for the Bill, the Government has published draft regulations (The Executives’ Remuneration Reports Regulations 2010) to members of the House of Lords.
The draft regulations will be further refined in advance of a full public consultation, which will take place after the Bill gains Royal Assent. The disclosure regime is intended to come into force for annual reports in respect of 2010 issued in early 2011.
View The Executives’ Remuneration Reports Regulations 2010, 10 March 2010