FSA Proposes Revision to Guidance on the Remuneration Principles Proportionality Rule
October 28, 2011
In light of its review of applications by firms to change proportionality tiers, the FSA has proposed to amend its guidance to allow banks and building societies with capital resources between pound;50 and pound;100 million to benefit from tier 3 treatment.
Comments on the suggested change to the guidance should be sent to the FSA no later than 28 November 2011.