Author: Mirit Ehrenstein

FCA policy statement sets out near-final remuneration rules under IFPR

The FCA has published a policy statement on implementing the new UK Investment Firms Prudential Regime (IFPR), for performance periods from 1 January 2022. This follows the April consultation which included the draft MIFIDPRU remuneration rules. These have now been clarified into near-final form.  

There are some helpful changes including on paying interest and dividends on deferred remuneration, on carried interest, and relying on a group remuneration committee. We consider the key clarifications and changes to the remuneration rules.