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  • HC-5 Remuneration of Approved Persons

    • HC-5.1 Remuneration of Approved Persons

      • HC-5.1.1

        Bahraini investment firm licensees must have in place a Board approved remuneration policy. Licensees must ensure that all approved persons are remunerated fairly and responsibly. More specifically, the remuneration must be sufficient to attract, retain and motivate persons.

        Added: July 2023

      • HC-5.1.2

        The performance evaluation and remuneration of senior management and staff of the licensees must be based, among other factors, on their adherence to all relevant laws, regulations and CBB rulebook requirements, including but not limited to AML/CFT requirements in the FC module.

        Added: July 2023

      • HC-5.1.3

        Remuneration of non-executive directors must not include performance-related elements such as grants of shares, share options or other deferred stock-related incentive schemes, bonuses, or pension benefits.

        Added: July 2023