CP13/6 - CRD IV for Investment Firms - Financial Conduct Authority

This document has no legal effect and it has been prepared with tracked changes to show
the proposed amendments to the existing guidance that are being consulted on in this CP.
Defined expression
Definition
group
has the meaning given in the Glossary
under paragraph (3).
overseas Remuneration Code firm an overseas firm that:
(i) is not an EEA firm;
(ii) has its head office outside the EEA; and
(iii) would be a building society, a bank, an
investment firm, a limited activity firm or a
limited licence firm if it had been a UK
domestic firm, had carried on all its business
in the United Kingdom and had obtained
whatever authorisation for doing so as
required under the Act.
proportionality level
has the meaning given in paragraph 17, and
references to proportionality level one, etc.
are to be construed accordingly.
Remuneration Code firm
a firm specified in SYSC 19A.1.1 R(1)(a)-
(e). BIPRU firm or third country BIPRU
relevant total assets firm has the to meanings which the given Remuneration in paragraph 24(3). Code
relevant date applies has the meanings (in accordance given in paragraph with 24(3). SYSC
solo Remuneration Code firm 19A.1.1R). a Remuneration Code firm which is not part
of a group containing one or more further
Remuneration Code firms.
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