AIMA

The Alternative Investment Management Association

Alternative Investment Management Association Representing the global hedge fund industry

Remuneration

Excessive risk-taking in the financial sector has been identified as one of the contributing factors to the financial crisis that began in 2007. Supervisors and regulatory bodies, including the G20 and the European Banking Authority, have concluded that unsound remuneration practices have been a contributory factor to such risk-taking. Since 2009, significant work has been undertaken in this area.  The internationally agreed and endorsed principles of the Financial Stability Board for sound compensation practices are of particular importance. At EU level, rules on remuneration have been developed in the Capital Requirements Directive, much of which has been taken up in the Alternative Investment Fund Managers Directive and will also be introduced in the UCITS Directive. Remneration guidelines for MiFID investment firms have also been introduced.  In the USA, the Dodd-Frank Act requires that rules prohibiting inappropriate incentive-based payment arrangements are adopted.

UK

USA

AIFMD

CRD IV and CRR

MiFID

UCITS

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Sub Menu

  1. AIMA's Policy Principles
  2. Asset Management Regulation
    1. EU Asset Management Regulation
      1. AIFMD
      2. European Capital Markets Regulation
      3. MiFID / MiFIR
      4. UCITS
        1. ETFs and Structured UCITS
      5. Venture Capital
    2. US Hedge Fund Adviser Regulations
      1. Registration and Reporting
      2. Incentive-Based Compensation
      3. JOBS Act
    3. Asia Pacific Asset Management regulation
    4. Other Jurisdictions’ Asset Management Regulation
    5. Regulation of NBFCs / SIFIS
    6. Supervision
      1. UK regulatory reform
      2. European Supervisory Authorities
      3. US Self-Regulatory Organisations
    7. Remuneration
      1. UK
      2. US
      3. CRD IV and CRR
      4. AIFMD
      5. MiFID
    8. Shadow Banking
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  3. Markets Regulation
    1. Bank/Capital Regulation
      1. Capital Requirements Directive
      2. EU Bank Structural Reforms
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      7. Singapore
    3. High Frequency Trading
      1. ESMA Guidelines
      2. MiFID / MiFIR
      3. MAD / MAR
      4. Flash Crash
      5. IOSCO
      6. Germany
      7. CFTC Automated Trading
    4. Insurance Regulation
      1. Solvency II
    5. Market Abuse
      1. MAD / MAR
      2. Indices as Benchmarks
    6. Position Limits
      1. MiFID / MiFIR
      2. CFTC Position Limits
    7. Resolution of Financial Institutions
      1. Europe
        1. EU Bank Recovery and Resolution Directive
        2. EU Non-Bank Recovery and Resolution
      2. CPSS-IOSCO
      3. Financial Stability Board
      4. UK
      5. USA
    8. Short Selling
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      2. Hong Kong Short Selling Regulation
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    10. Shadow Banking
      1. International Shadow Banking
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    11. Trading
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  4. Tax Affairs
    1. EU Savings Directive
    2. FAIFs and FINROFs
    3. FATCA
    4. FIN 48 and IAS 12
    5. Financial Transaction Tax
    6. Investment Manager Exemption
    7. UK Offshore Funds Regime
    8. Other
  5. Search
  6. Resources
    1. Guidance Notes
    2. Jurisdictional Guides
    3. Noticeboard
      1. FATCA
      2. Other Hot Asset Management Topics
      3. Other Hot Markets Topics
      4. UK Partnership Tax Review
      5. Volcker Rule
    4. Hedge Fund Manager Training
    5. Quarterly Regulatory Update
    6. Webinar Programme