SYSC 19E.1 Application
- (1)
1The UCITS Remuneration Code applies to a UK UCITS management company that manages a UCITS scheme2.
- (2)
[deleted]
- (3)
In this section, a firm under (1)2 above, is referred to as a management company.
- (1)
This chapter applies to a UK UCITS management company in relation to remuneration paid, provided or awarded by any person to the extent that it is paid, provided or awarded in connection with employment by a management company.
- (2)
Paragraph (1) is without prejudice to the meaning of remuneration elsewhere in the Handbook.
Remuneration includes payments made by a seconding organisation, which is not subject to the UCITS Remuneration Code, to a secondee in respect of their employment by a management company which is subject to the UCITS Remuneration Code.