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CBB Rulebook: Contents

  • Common Volume
  • Central Bank of Bahrain Volume 1—Conventional Banks
  • Central Bank of Bahrain Volume 2—Islamic Banks
    • Part A
    • Part B
    • Quarterly Updates
    • Ad-hoc Communications
    • Archived Part A
      • Introduction
      • High Level Standards
        • LR Licensing Requirements
        • PB Principles of Business
        • HC High Level Controls
        • HC High-level Controls[versions up to October 2010]
        • HC High-Level Controls [Versions Up To April 2023]
          • HC-A Introduction
          • HC-B Scope of Application
          • HC-1 The Board
          • HC-2 Approved Persons Loyalty
          • HC-3 Audit Committee and Financial Statements Certification
          • HC-4 Appointment, Training and Evaluation of the Board
          • HC-5 Remuneration of Approved Persons and Material Risk-Takers
            • HC-5.1 Principle
            • HC-5.2 Role of the Board of Directors and Remuneration Committee
            • HC-5.3 Remuneration Committee Charter
            • HC-5.4 Standard for all Remuneration
              • HC-5.4.1
              • HC-5.4.2
              • HC-5.4.3
              • HC-5.4.3A
              • Application to Branches of Foreign Banks
              • HC-5.4.5
              • HC-5.4.6
              • Approved Persons in Risk Management, Internal Audit, Operations, Financial Controls, Internal Shari'a Review/Audit, AML and Compliance Functions
              • Effective Alignment of Remuneration with Prudent Risk-Taking
              • Alignment of All Staff Remuneration with Compliance with AML/CFT Requirements
              • Variable Remuneration
                • HC-5.4.19
                • HC-5.4.20
                • HC-5.4.21
                • HC-5.4.22
                • HC-5.4.23
                • HC-5.4.24
                • HC-5.4.25
                • HC-5.4.26
                • HC-5.4.27
                • HC-5.4.28
                • HC-5.4.29
                • HC-5.4.30
                • HC-5.4.30A
                • HC-5.4.31
                • HC-5.4.32
                • HC-5.4.33
                • HC-5.4.34
                • HC-5.4.34A
                • HC-5.4.35
              • Remuneration in the Form of Shares or Share-Linked Instruments
              • Remuneration from Projects and Investments
            • HC-5.5 Board of Directors' Remuneration
            • HC-5.6 [This Section was deleted and is replaced with requirements contained under Section HC-5.4]
          • HC-6 Management Structure
          • HC-7 Communication between Board and Shareholders
          • HC-8 Corporate Governance Disclosure
          • HC-9 The Principles of Islamic Shari'a
          • Appendix A Audit Committee
          • Appendix B Nominating Committee
          • Appendix C Remuneration Committee
        • AU Auditors and Accounting Standards
        • GR General Requirements
      • Business Standards
      • Prudential Requirements
      • Reporting Requirements
      • Enforcement & Redress
    • Archived Part B
  • Central Bank of Bahrain Volume 3—Insurance
  • Central Bank of Bahrain Volume 4—Investment Business
  • Central Bank of Bahrain Volume 5—Specialised Licensees
  • Central Bank of Bahrain Volume 6—Capital Markets
  • Central Bank of Bahrain Volume 7—Collective Investment Undertakings
  • Bahrain Bourse (BHB) Material
  • Central Bank of Bahrain and Financial Institutions Law 2006
  • Bahrain Anti Money Laundering Law 2001
  • Regulation Governing Collective Investment Schemes June 2003
  • Bahrain Stock Exchange Law 1987
  • Bahrain Financial Trust Law 2006
  • Bahrain Insurance Law 1987
  • Bahrain Monetary Agency Law 1973
  • Commercial Companies Law 2001
  • CBB Disclosure Standards
  • CBB Debt Securities Guidelines
  • Ministerial Order — Money Laundering
  • CBB Resolution on Dissemination of Listed Companies' Financial Statements and Board of Directors' Meetings
  • CBB Regulations and Resolutions
  • The Corporate Governance Code of the Kingdom of Bahrain
  • Archive
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Breadcrumb

  1. Central Bank of Bahrain Volume 2—Islamic Banks
  2. Archived Part A
  3. High Level Standards
  4. HC High-Level Controls [Versions Up To April 2023]
  5. HC-5 Remuneration of Approved Persons and Material Risk-Takers
  6. HC-5.4 Standard for all Remuneration
  7. Variable Remuneration
  8. HC-5.4.35
  Versions

 
  • Jan 01 2014 - Jun 30 2014
  • Jul 01 2014
‹ HC-5.4.34A Remuneration in the Form of Shares or Share-Linked Instruments ›

HC-5.4.35

Banks must not provide any form of guaranteed variable remuneration as part of the overall remuneration package. Exceptional minimum variable remuneration must only occur in the context of hiring new staff and limited to the first year.

Amended: July 2014
Added: January 2014
‹ HC-5.4.34A Remuneration in the Form of Shares or Share-Linked Instruments ›

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