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SYSC 19E.1 Application

  1. (1)

    1The UCITS Remuneration Code applies to a UK UCITS management company that:

    1. (a)

      manages a UCITS scheme; or

    2. (b)

      manages an EEA UCITS scheme.

  2. (2)

    This section does not apply to an EEA UCITS management company that manages a UCITS scheme.

  3. (3)

    In this section, a firm under (1)(a) or (1)(b) above, is referred to as a management company.

  1. (1)

    This chapter applies to a UK UCITS management company in relation to remuneration paid, provided or awarded by any person to the extent that it is paid, provided or awarded in connection with employment by a management company.

  2. (2)

    Paragraph (1) is without prejudice to the meaning of remuneration elsewhere in the Handbook.


Remuneration includes payments made by a seconding organisation, which is not subject to the UCITS Remuneration Code, to a secondee in respect of their employment by a management company which is subject to the UCITS Remuneration Code.