• HC-4 HC-4 Remuneration

    • Alignment of All Staff Remuneration with Compliance with AML/CFT Requirements

      • HC-4.2.1

        The performance evaluation and remuneration of senior management and staff of the licensee must be based on the achievement of the Key Performance Indicators (KPIs) relevant to ensuring compliance with AML/CFT requirements as specified in Paragraphs FC-2.1.3 and FC-2.1.4.

        Added: April 2020

    • HC-4.1 HC-4.1 Remuneration Policies

      • HC-4.1.1

        The review of Directors' remuneration must be a standing item on the licensee's Annual General Meeting agenda, and must be considered by shareholders at every Annual General Meeting. Directors' remuneration (including pension and severance arrangements) and bonuses must be clearly disclosed in the annual financial statements.

        April 2016

      • HC-4.1.2

        Directors' remuneration should also comply with all applicable laws, such as Legislative Decree No. 21 of 2001 (and its amendments), with respect to promulgating the Commercial Companies Law.

        April 2016

    • HC-4.2 Standard for all Remuneration