remuneration

(1) (except where (2) or (3) apply183) any form of remuneration, including salaries, discretionary pension benefits and benefits of any kind.

[Note: article 92(2) of CRD]172

(2) (in relation to those articles of the MiFID Org Regulation as applied in accordance with SYSC 1 Annex 1 2.8AR, SYSC 1 Annex 1 3.2-AR, SYSC 1 Annex 1 3.2-BR, SYSC 1 Annex 1 3.2CR, SYSC 1 Annex 1 3.3R; SYSC 19F.1.1R; SYSC 19F.1.3R and SYSC 19F.1.4R179) all forms of payments or financial or non-financial benefits provided directly or indirectly by a firm to relevant persons174 in the provision of one or more of designated investment business, ancillary activities and ancillary services to clients.172

[Note: article 2(5) of the MiFID Org Regulation]172

(3) (in SYSC 19F.2, ICOBS and, in relation to a life policy, in COBS 6.1ZA) any commission, fee, charge or other payment, including an economic benefit of any kind or any other financial or non-financial advantage or incentive offered or given in respect of insurance distribution activities.183[Note: article 2(1)(9) of the IDD]183