Talk im Turm: Update on Regulation of Remuneration in Investment Firms

In this webinar, we will examine recent developments in the regulation of remuneration in investment firms: On June 3, 2024, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published a discussion paper on the potential review of the investment firms’ prudential framework, which also covers aspects of remuneration and its governance. We will consider the points raised by the European regulators in the context of the existing rules under WpIVergV, MiFID II and MaComp.

Furthermore, on June 6, 2024, the EBA published final draft Regulatory Technical Standards (RTS) on the minimum content of the governance arrangements on the remuneration policy under MiCAR. The draft RTS will be submitted to the European Commission for endorsement, following which they will be subject to scrutiny by the European Parliament and Council before being published in the Official Journal of the European Union. Although these RTS will be limited in their application, they may set the tone for other regulatory trends in the financial industry. We will also look at the FAQ relating to the InstitutsVergV issued by BaFin on June 13, 2024.

We look forward to discussing the practical implications of these developments with you.

If you have any questions about this event, please contact Martina Lemp.