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.
(3) Where the Remuneration Code firms fall into different proportionality levels
on the assumption that they were solo Remuneration Code firms, each firm
falls into the highest proportionality level.
(4) For the purposes of (3), proportionality level one is the highest and
proportionality level three is the lowest.
264. Appendix 1 provides examples of this approach. A firm which has a higher
proportionality level as a result of the guidance in paragraph 25 than would have
been the case had the firm been a solo Remuneration Code firm should note the
scope to apply for individual guidance to vary its proportionality level (as
discussed in paragraphs 5 and 6 of Appendix 1).
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