Which of the following is true about the Remuneration Code, which applies to both PRA and FCA regulated firms?
A. It applies to UK branches of EEA firms
B. It apples to UK branches of non-EEA firms
C. Overseas subsidiaries and branches of a UK bank are not in scope and would not need to comply with the Renumeration Code
D. Principle 5 (Control Functions) does not apply to overseas branches of a UK bank
Answer:B
Which of the following is true about the Remuneration Code, which applies to both PRA and FCA regulated firms?
A. It applies to UK branches of EEA firms B. It apples to UK branches of non-EEA firms C. Overseas subsidiaries and branches of a UK bank are not in scope and would not need to comply with the Renumeration Code D. Principle 5 (Control Functions) does not apply to overseas branches of a UK bank