ESMA published a compliance table setting out the level of compliance with its guidelines on sound remuneration policies under the AIFMD. This showed:

  • All EU countries confirmed they comply or intend to comply, for example Hungary intends to comply by 1 January 2017;
  • Malta will implement the Guidelines without incorporating para 18 and the reference to staff of delegates in the definition of Identified Staff as the Malta Financial Services Authority sees no provisions which empower ESMA to include delegated managers in scope and consider Art 20 sufficient to ensure there is no circumvention of the guidelines by the AIFM; and
  • Norway is not compliant as the AIFMD has not yet been incorporated in the EEA agreement.