Article 93

Path:
Capital Requirements Directive (CRD) > TITLE VII > CHAPTER 2 > Section II > Sub-Section 3 > Article 93
Title:
Article 93
Description: 
Institutions that benefit from government intervention
Main content: 

In the case of institutions that benefit from exceptional government intervention, the following principles shall apply in addition to those set out in Article 92(2):

(a)    variable remuneration is strictly limited as a percentage of net revenue where it is inconsistent with the maintenance of a sound capital base and timely exit from government support;

(b)    the relevant competent authorities require institutions to restructure remuneration in a manner aligned with sound risk management and long-term growth, including, where appropriate, establishing limits to the remuneration of the members of the management body of the institution;

(c)    no variable remuneration is paid to members of the management body of the institution unless justified.