SYSC TP 9 Updates to reflect CRD V
Material to which the transitional provision applies |
R/G |
Transitional Provision |
Transitional Provision: dates in force |
Handbook Provision: coming into force |
|
1 |
A firm subject to SYSC 19D.1.3 on 28 December 2020, must apply the rules and guidance in SYSC 19D.3 as it stood on the 28 December 2020 in relation to: (a) remuneration awarded, whether pursuant to a contract or otherwise, in relation to the performance year active on the 28 December 2020; (b) remuneration due on the basis of contracts concluded before 29 December 2020 which is awarded or paid in relation to the performance year active on the 28 December 2020; and (c) remuneration awarded, but not yet paid, before 29 December 2020, for services provided in the performance year active on the 28 December 2020. |
From 29 December 2020 |
29 December 2020 |