In this act Article 4 of 7
Article 4 — Remuneration policies for all staff
Financial servicesLevel 2RTSMiCAIn forceOfficial source
4(1)Copy link
1.Issuers of asset referenced tokens or e-money tokens shall ensure that their remuneration policies for all staff meet the following criteria:
4(1)(a)
a)they are consistent with the rights and interests of holders of tokens with a view to ensuring that holders are treated fairly and that their interests are not impaired by the remuneration practices adopted by the issuer;
Copy link4(1)(b)
b)they are gender-neutral and based on the principle of equal pay for male and female staff for equal work or work of equal value within the meaning of Article 3(1), point (65), of Directive 2013/36/EU;
Copy link4(1)(c)
c)they are consistent with the objectives of the business and risk strategy, including environmental, social and governance (ESG) risk-related objectives, corporate culture and values, risk culture and risk appetite;
Copy link4(1)(d)
d)they ensure that the staff engaged in control functions are remunerated in accordance with the achievement of the objectives linked to their functions and independently of the performance of the business areas they control;
Copy link4(1)(e)
e)they are consistent with the management of ESG risks and provide for incentives for the control and limitation of ESG impacts caused by the issuer’s business activities;
Copy link4(1)(f)
f)they do not create a conflict of interest or incentive that may lead staff members to favour their own interests or the issuer’s interests to the potential detriment of any holder of significant tokens they issue;
Copy link4(1)(g)
g)they do not encourage risk-taking that exceeds the level of risk appetite of the issuer;
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