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14 September 2021 Supervision Supervision label Policy Rule

DNB's Regulation on Sound Remuneration Policies (Regeling beheerst beloningsbeleid Wft 2017 – Rbb 2017) was published in the Government Gazette (Stcrt. 2017, 70004) on 7 December 2017, and entered into force on 8 December 2017. The Regulation applies to banks, investment firms and premium pension institutions, and replaces the 2014 Regulation (Rbb 2014).

The draft version of the Regulation was put up for consultation in September 2017. Six parties submitted a response. The responses and the ensuing amendments to the final version of the Regulation (Rbb 2017) were listed in a feedback table, which is included in the Downloads section below. Most respondents welcomed the decision to structure the new Regulation on a sectoral basis.

We also updated the Q&As on sound remuneration policies on our Open Book on Supervision pages. As a principle, we no longer provide additional explanations or interpretations if the European supervisory authorities have already done so. This means most of the Q&As from July 2014 on sound remuneration policies further to the Wft have become obsolete with the publication of the EBA Guidelines on sound remuneration policies (EBA/GL/2015/22) on 27 June 2016. The policy described in the Q&A document "Proportional application of the Regulation on Sound Remuneration Policies on categories of Identified Staff" will be continued until a more detailed interpretation pursuant to the Capital Requirements Directive (CRD IV) is available. The Q&A document "Further interpretation of the exception to the 20% bonus cap for the parent company of a group" also continues to apply.

Download

Feedbacktabel

289KB PDF
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sector

  • Banks
  • Investment firms
  • Premium Pension institutions