Webcast
The sound compensation carousel continues to turn: On 11 January 2024, the final version of the Wertpapier-Institutsvergütungsverordnung (WVV) was published. Together with the EBA guidelines on sound remuneration policies under Directive (EU) 2019/2034 published on 22 November 2021, the WVV forms the legally binding framework for the remuneration systems of the management and employees of medium-sized securities institutions. The new legal requirements of the WVV are to be applied in the relevant remuneration systems for the first time from the following financial year; for securities institutionswith a calendar year-based financial year, this means from 1 January 2025.
In our webcast, we will explain the regulatory changes and options for their proper implementation and provide an outlook on the expectations of the auditor(s) in the audit of remuneration systems as part of the annual audit.
The planned main topics are:
- The amendments to the WVV on remuneration systems: Key guiding principles
- Risk taker analysis according to the WVV
- Selected EBA statements in the Guidelines on Sound Remuneration Policies
- Implementation of WVV in remuneration systems and auditing
Our experts Dr Lars Hinrichs and Elisa Ultsch, lawyers at Deloitte Legal, will guide you through the webcast.
Please feel free to submit your questions for the Q&A section when you register.
Information
Webcast in German language – please feel free to contact our experts for explanations in English language.
For organizational questions, please contact
Madeleine A. Thrun
Tel: +49 211 87724645
E-Mail: athrun@deloitte.de
Your Contact
Dr. Lars Hinrichs, LL.M. (Univ. Stockholm)
Dr. Lars Hinrichs advises national and international clients on all human resources and labour law related issues of German Employment and Labour Law. He is specialiced in the design, implementation and modification of remuneration systems in regulated and non-regulated business sectors (including company pension systems), in the planning and implementation of restructuring measures and transformation processes and in the labour law consultancy of M&A transactions. Lars regularly holds lectures and publishes HR and labour law related articles in HR and legal journals. Lars works for Deloitte Legal since 2019. Before his entry to Deloitte Legal, Lars had worked since 2007 as lawyer in the Labour Law departments of other leading international law firms in Frankfurt and Hamburg.
Elisa Ultsch
Elisa Ultsch works as attorney for Deloitte Legal in the Service Line Employment Law & Benefits since 2022. She advises national and international clients in various sectors of individual and collective employment law, with a focus to all questions of company pension schemes. Elisa Ultsch also acts as a speaker on external and internal events and as an author of scientific publications on these topics. Elisa Ultsch studied law at the Greifswald University with a focus on business and labor law. During this time, she worked as research assistant at her alma mater at the chair of medical law, labor law and legal history. She completed her legal clerkship at the Higher Regional Court of Stuttgart. Before joining Deloitte Legal, she worked in employment law for another leading national law firm. Elisa Ultsch speaks German and English.
