Written question asked by Lord Myners (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Monday, 8 October 2012.
Banking: Fund Managers
- Question
-
To ask Her Majesty’s Government whether they will negotiate for fund managers to be exempt from restrictions on pay proposed by the European Union. [HL2230]
- Answer
-
Under the current UK remuneration framework, many fund managers are already in scope of the Financial Services Authority's remuneration code which implements the European Union's Capital Requirements Directive 3.
The aim in negotiations is always to ensure that any additional proposals are only implemented where they would enhance the existing framework. In addition, it is important to ensure that national regulators retain the discretion to apply the provisions proportionately based on an institution's size and significance.
Secondary information
- Type
- Written question
- Reference
- 739 cc393-4WA; HL2230
- Session
- 2012-13
- Notes
- Answer received between Monday 24 September and Monday 1 October 2012.
- Subjects
- Financial services EU action Pay
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 07:58:14 +0000
- URI
- http://hansard.intranet.data.parliament.uk/Lords/2012-10-08/1210011000065
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Lords/2012-10-08/1210011000065
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Lords/2012-10-08/1210011000065