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Article 3 - Delegated Regulation 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

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.