FSA is consulting on a change to its “general guidance on proportionality” for remuneration. It proposes to replace the existing four levels of proportionality, which are based on capital resources, with three new levels based on net assets. It says this will allow it to concentrate its resources better. The guidance explains how FSA will calculate which proportionality level a firm falls within. Generally, those with over £50 billion relevant assets will be in level 1, those with less than £15 billion will be in level 3 and all other relevant firms will be in level 2.  However, complex rules will govern some calculations. FSA asks for comments by 6 September. (Source: FSA Reviews Remuneration Proportionality Guidance)