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CBB Rulebook: Contents

  • Common Volume
  • Central Bank of Bahrain Volume 1—Conventional 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-5.4.2A
              • HC-5.4.3
              • HC-5.4.3A
              • Application to Overseas Conventional 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
                • HC-5.4.7
                • HC-5.4.8
                • HC-5.4.9
              • Alignment of All Staff Remuneration with Compliance with AML/CFT Requirements
              • Effective Alignment of Remuneration with Prudent Risk-Taking
              • Variable Remuneration
              • 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
          • 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 2—Islamic Banks
  • 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 1—Conventional 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. Approved Persons in Risk Management, Internal Audit, Operations, Financial Controls, Internal Shari'a Review/Audit, AML and Compliance Functions
  8. HC-5.4.9
  Versions

 
  • Jan 01 2014 - Jun 30 2014
  • Jul 01 2014
‹ HC-5.4.8 Alignment of All Staff Remuneration with Compliance with AML/CFT Requirements ›

HC-5.4.9

The mix of fixed and variable remuneration for risk management, internal audit, operations, financial controls, internal Shari'a review/audit, AML and compliance functions personnel must be weighted in favour of fixed remuneration.

Amended: July 2014
Added: January 2014
‹ HC-5.4.8 Alignment of All Staff Remuneration with Compliance with AML/CFT Requirements ›

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