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PS15/16: Strengthening the alignment of risk and reward: new remuneration rules

Published
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AI-generated Summary

Joint final rules with the PRA (PRA PS12/15), after CP15/14, on remuneration, extending deferral to up to seven years for senior managers and introducing FCA claw-back rules.

Written from the Regulation Tomorrow post (Norton Rose Fulbright) that links this paper, not from the paper itself.

Details

ReferencePS15/16
IssuerFCA
PublishedDate pending: it is added once checked on the FCA’s page

FCA Handbook

Handbook provisions the Handbook lists against this paper (only those linked to MiFID II or MiFIR material are shown).

  • SYSC 4.1.2R · General requirements
    SYSC Senior Management Arrangements, Systems and Controls · in force from 23 Oct 2025
  • SYSC Senior Management Arrangements, Systems and Controls · in force from 27 Feb 2026

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