What Alternative Investment Fund Managers Directive (AIFMD) 2011/61/EU Article 13: Remuneration requires
AIFMs must establish and maintain remuneration policies and practices for key staff that promote sound risk management and do not encourage excessive risk-taking inconsistent with the AIF's profile.
Pillar: Banking & Global Finance · Authority: European Parliament and Council of the European Union · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32011L0061
SHA-256 integrity: 008954b4963547dcdc428d66f425e66c327c07b26b9b0ae2e8e4ebfbebf5262f
Primary Citations — 6 traced to source
- Article 13, paragraph 1: Member States shall require AIFMs to have remuneration policies and practices for those categories of staff...whose professional activities have a material impact on the risk profiles of the AIFMs or of the AIFs they manage.
- Article 13, paragraph 1: ...categories of staff, including senior management, risk takers, control functions, and any employees receiving total remuneration that takes them into the same remuneration bracket as senior management and risk takers...
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