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Home > Prudential Regulation Authority > The PRA’s expectations on remuneration - PS7/17

The PRA’s expectations on remuneration - PS7/17

12 April 2017


This Prudential Regulation Authority (PRA) Policy Statement (PS) provides feedback on responses to Consultation Paper (CP) 33/16 ‘The PRA’s expectations on remuneration’. The PS also includes Supervisory Statement (SS) 2/17 ‘Remuneration’, which brings together the PRA’s existing supervisory statements on proportionality, the application of malus and other elements of remuneration, and sets out additional expectations of firms.

This PS and SS are relevant to all firms regulated by the Prudential Regulation Authority (PRA) which fall within the scope of the Remuneration Part of the PRA Rulebook.  

Feedback on consultation responses

The PRA received four responses to the consultation. The PRA’s feedback to responses and final decisions are discussed in Chapter 2. Following consideration of feedback on CP33/16, the PRA has made minor changes to the draft SS included in CP33/16.

Policy statement