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    Bonus Cap to be Scrapped?

    21.09.2022

    According to press reports last week, the Chancellor, Kwasi Kwarteng, is considering scrapping the cap on variable remuneration that applies to dual-regulated firms’ material risk takers. The cap was introduced in 2014 as part of a suite of EU rules aimed at deterring excessive risk taking by more closely aligning ...

  • blue maze ball

    Background Following a recent RegZone article on this topic which focused on HMT’s confirmation that it will legislate to permit financial regulators to directly oversee and supervise (previously unregulated) “critical” third parties (“CTPs”) that provide services to the finance sector, the Bank of England, PRA and FCA (together, “the regulators”) ...

  • yellow paper flower on yellow background

    Environmental, social and governance (ESG) considerations are top of the agenda for many companies today. While ESG seeps into all aspects of business, executive remuneration is one of the areas that is beginning to address ESG concerns. Recent research found that three in five FTSE 100 executive bonus plans now ...

  • green leaf and background

    The UK was described as “the best place in the world for green finance” by Rishi Sunak, the former UK Chancellor of the Exchequer, in his Mansion House speech last year. In helping to secure the UK as a world leading net zero financial centre, the Financial Services and Markets ...

  • abstract lines

    HM Revenue & Customs (“HMRC”) continues to update and expand its guidance on the taxation of cryptoassets held by individuals. In this series, we will explore various tax topics relevant to individuals buying, holding and disposing of cryptoassets. This third article in the series considers what amounts to a “disposal” ...

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