Article 450 (remuneration policy)
This section has no associated Explanatory Memorandum
198.—(1) Article 450 (remuneration policy) is amended as follows.
(2) In paragraph 1(d), for “Article 94(1)(g) of Directive 2013/36/EU” substitute “rules 15.09 to 15.13 of the Remuneration Part of the PRA rulebook and rules 19A.3.44R to 44DR and 19D.3.48R to 52R of the Senior Management Arrangements, Systems and Controls sourcebook of the FCA Handbook”.
(3) In paragraph 1(j), for “the Member State or competent authority,” substitute “the PRA or FCA”.
(4) In paragraph 2, in the second sub-paragraph, for “Directive 95/46/EC” substitute “the General Data Protection Regulation (EU) 2016/679”.