Response to consultation on draft RTS on the minimum content of the governance arrangements on the remuneration policy under MiCAR
Go back
However, we suggest that the reference to fixed and variable remuneration be replaced with fixed/recurring remuneration and variable/non-recurring remuneration in order to avoid misinterpretations and align the RTS with the rules of remuneration policies for investment firms
Question 1. Are the definitions within Article 1 appropriate and sufficiently clear?
We believe that the main definitions included in Article 1 are sufficiently clear and appropriate.Question 2. Are the provisions within Article 2 appropriate and sufficiently clear?
We believe that the RTS are sufficiently clear and appropriate, and promote level-playing field in the ARTs sector.Question 3. Are the provisions within Article 3 appropriate and sufficiently clear?
The RTS are sufficiently clear and appropriate and promote level-playing field in the ARTs sector.However, we suggest that the reference to fixed and variable remuneration be replaced with fixed/recurring remuneration and variable/non-recurring remuneration in order to avoid misinterpretations and align the RTS with the rules of remuneration policies for investment firms