6
Remuneration Policies
6.1
In this Chapter, 6.2 and 6.5 apply to firms in relation to firms’ remuneration policies, practices and procedures generally, not only in relation to material risk takers.
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6.2
A firm must establish implement and maintain a remuneration policy, practices and procedures which are consistent with and promote sound and effective risk management and do not encourage risk-taking that exceeds the level of tolerated risk of the firm.
[Note: Arts. 74(1) and 92(2)(a) of the CRD]
[Note: CRD]
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6.3
A firm must ensure that its remuneration policy is in line with the business strategy, objectives, values and long-term interests of the firm.
[Note: Art. 92(2)(b) of the CRD]
[Note: CRD]
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6.4
A firm must ensure that its remuneration policy includes measures to avoid conflicts of interest.
[Note: Art. 92(2)(b) of the CRD]
[Note: CRD]
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6.5
A firm must ensure that its remuneration policies, practices and procedures, including performance appraisal processes and decisions, are clear and documented.
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