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)