The FCA has published a consultation paper (CP26/27) which proposes to significantly simplify and streamline the remuneration requirements applicable to AIFMs, UCITS management companies, and MIFIDPRU investment firms.
The proposals remove many of the prescriptive remuneration requirements imposed under the FCA's existing codes. Going forward, a principles-based approach would apply, with firms required to consider what remuneration structures are appropriate, but without being obliged to comply with specific pay-out process rules. The FCA anticipates that the new regime would apply to most firms from Q1 2027, but this may not cover the 2027 performance year.
To read our briefing on the changes, please click here.
Key contacts
Mark Ife
Partner, London
Paul Ellerman
Partner, London
Niall Crean
Of Counsel, London
Chris White
Senior Associate, London
Hywel Jenkins
Partner, London
Marina Reason
Partner, London
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