CBB Volume 2: Contents

Central Bank of Bahrain Volume 2—Islamic Banks
Part A
High Level Standards
HC High-Level Controls
HC-5 Remuneration of Approved Persons and Material Risk-Takers
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HC-5.4.31

For purposes of Paragraph HC-5.4.30:

(a) At least 40% of the variable remuneration must be payable under deferral arrangements over a period of at least 3 years; and
(b) For the CEO, his deputies and the other 5 most highly paid business line employees, at least 60% of the variable remuneration must be payable under deferral arrangements over a period of at least 3 years.
Amended: July 2014
Added: January 2014
 Versions
(2 Versions)
 
Jan 1 2014 - Jun 30 2014Jul 1 2014 onwards
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