FSA has published finalised guidance on proportionality in respect of the Remuneration Code and Pillar 3 disclosures. The guidance covers:

  • the process for dividing firms into proportionality levels;
  • guidance to firms on proportionality levels;
  • guidance on part-year Remuneration Code staff;
  • remuneration committees; and
  • the requirements in chapter 11 of the Prudential Sourcebook for Banks, Building Societies and Investment Firms (BIPRU) for remuneration disclosures.

(Source: FSA Finalises Remuneration Guidance)