dual-regulated firms Remuneration Code staff

96(in relation to a dual-regulated firm and an overseas firm in SYSC 19D.1.1R(1)(d) that would have been a UK bank111 , building society or UK designated investment firm if it had been a UK domestic firm) has the meaning in SYSC 19D.3.4R which is, in summary, an employee whose professional activities have a material impact on the firm’s risk profile, including any employee who is deemed to have a material impact on the firm’s risk profile in accordance with the Material Risk Takers Regulation 2020138.