On 30 July 2014, the PRA published a Policy Statement announcing the revised clawback obligations which will apply to PRA-regulated firms in remuneration levels one and two following the earlier clawback consultation published in March.
We have published a new online client briefing note which interprets the new clawback requirements, discusses the implementation of enforceable and workable clawback rights and considers next steps.
View The PRA Remuneration Code’s revised clawback obligations, 5 September 2014