Subsection 3: Remuneration policy and practices

I. – The Autorité de contrôle prudentiel et de résolution shall collect, under the conditions defined by order of the Minister responsible for the economy, the information referred to in c and d of Article 51 of Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019 published by investment firms as well as the information they provide concerning the gender pay gap. II. –…

The information referred to in article R. 533-19 as well as that concerning the results of the votes cast at the general meetings referred to in article L. 511-78 shall be sent to the European Banking Authority.

The other convertible instruments referred to in 3° of Article L. 533-30-11 that may be used for the allocation of variable compensation are the only instruments that may be fully converted into Tier 1 core capital instruments as defined by Regulation (EU) no. 575/2013 of the European Parliament and of the Council of 26 June 2013.

For the application of Article L. 533-30-13, the conduct likely to result in the reduction or restitution, in whole or in part, of the variable remuneration shall be defined by the investment firms, taking into account, in particular, the serious losses that they may cause. The decision to reduce or refund the variable remuneration referred to in this article shall take into account the involvement of the person concerned in…

Investment firms shall require the instruments referred to in Article L. 533-30-11 to be held for a minimum period defined under the conditions set out in Article L. 533-30-1 so as to align the incentives of the persons referred to in Article L. 533-30 with the long-term interests of the investment firm, its creditors and its clients, as referred to in the same Article.