FCA/PRA: PS25/15 / PS21/25: Remuneration reform
15 Oct 2025
United Kingdom
1 min read
The joint PS sets out feedback and final policy on changes to the remuneration rules for dual-regulated firms. The changes will come into force on 16 October 2025 and apply to a firm’s performance year starting after that date. PRA highlights that the amount of time that senior bankers must now wait before receiving their full amount of bonus will be cut from eight to four years. Following industry feedback, these changes go further than original proposals announced last year.
