PAYING THE PRICE
With the issue of pay and bonuses rarely out of the mainstream media , it is easy to see why regulators have moved on remuneration . Hayley McDowell investigates the impact on MiFID II
The European Commission ’ s delegated acts released in April shed light on the rules for corporate remuneration under MiFID II .
They were surprisingly wide-ranging .
Staff positions covered under the new regulations include front office personnel , members of the sales team , financial experts , supervisors , financial analysts , complaints handlers or product specialists . Other staff affected by the rule changes include “ tied ” agents and third party product salespeople .
The reason some in the industry were surprised by the broad nature of the findings was because sentiment has previously always suggested that regulators are unlikely to be able to successfully influence pay .
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