Guidelines on sound remuneration policies under the AIFMD (ESMA/2013/232): Compliance Assessment
17 May 2016
Regulatory News Alert
The European Securities and Markets Authority (ESMA) has published guidelines on July 2013 on sound remuneration policies under the Alternative Investment Fund Managers Directive.
On May 4th 2016, ESMA published the list of the competent authorities who comply or intend to comply with ESMA's guidelines on sound remuneration policies under the AIFMD.
On the 28 countries currently required to notify their compliance with the ESMA Guidelines, all except for Malta and Hungary already comply or intend to comply. Whereas, Malta intends to implement the Guidelines without incorporating paragraph 18 and the reference to staff of delegates in the definition of Identified Staff, Hungary notified its intend to comply by 1 January 2017 only.
For more details, please refer to the table.