Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

SECTION 4 Staffing and remuneration

Article 10 Staffing policies and procedures

An application for registration as a trade repository shall contain the following policies and procedures:

  1. (a)

    a copy of the remuneration policy for the senior management, board members and the staff employed in risk and control functions of the applicant;

  2. (b)

    a description of the measures put in place by the applicant to mitigate the risk of over-reliance on any individual employees.