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ARTICLE · 04 OCTOBER 2013

FCA Consults On Amendments To AIFM Remuneration Code

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Hidden within the FCA’s Quarterly Consultation Paper, was a consultation on amendments to the Alternative Investment Fund Managers Remuneration Code and draft guidance clarifying when it would be disproportionate for an authorised AIFM to comply with certain aspects of the Code, given the nature, scale and complexity of the firm’s activities.

United KingdomFinance and Banking
Harvey Knight
Harvey Knight
Kirsten Lapham
Kirsten Lapham
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Hidden within the FCA's Quarterly Consultation Paper, was a consultation on amendments to the Alternative Investment Fund Managers (AIFM) Remuneration Code and draft guidance clarifying when it would be disproportionate for an authorised AIFM to comply with certain aspects of the Code, given the nature, scale and complexity of the firm's activities. AIFMs should review the suggested amendments to the Code and consider its practical application to their business. Those firms wishing to respond to the consultation have until 6 November 2013 to reply.

The key purpose of the FCA's proposals is to provide guidance on the proportionality principle when applying the rules, for UK authorised managers, in particular with respect to the application of the risk adjustment rules, referred to as the "pay out process rules".

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