Commission Delegated Regulation (EU) 2021/923 Article 3: Criteria for determining whether the professional activities of staff members have a significant impact on the relevant material business unit’s risk profile as referred to in Article 94(2), point (b), of Directive 2013/36/EU

Article 3 - Criteria for determining whether the professional activities of staff members have a significant impact on the relevant material business unit’s risk profile as referred to in Article 94(2), point (b), of Directive 2013/36/EU

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Article 3

Criteria for determining whether the professional activities of staff members have a significant impact on the relevant material business unit’s risk profile as referred to in Article 94(2), point (b), of Directive 2013/36/EU

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Institutions shall apply within their remuneration policies all of the following criteria to determine whether the professional activities of staff members have a significant impact on the risk profile of a material business unit:

((a))

the risk profile of the material business unit;

((b))

the distribution of internal capital to cover the nature and level of the risks, as referred to in Article 73 of Directive 2013/36/EU;

((c))

the risk limits of the material business unit;

((d))

the risk and performance indicators used by the institution to identify, manage and monitor risks of the material business unit in accordance with Article 74 of Directive 2013/36/EU;

((e))

the relevant performance criteria set by the institution in accordance with Article 94(1), points (a) and (b), of Directive 2013/36/EU;

((f))

the duties and authorities of staff members or categories of staff in the material business unit concerned.