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EBA REPORT

EBA REPORT ON THE APPLICATION OF THE GUIDELINES ON THE REMUNERATION OF SALES STAFF EBA/REP/2021/37 December 2021 Table of contents 1. List of abbreviations 2 2. Executive summary 3 3. Background 4 4. Methodology 5 5. Assessment of survey responses 6 The governance for designing remuneration policies for sales staff 7 Other regulatory requirements impacting the governance structure of institutions 9 Variable remuneration (VR) 11 The performance criteria used by institutions to determine VR of relevant persons 13 How institutions respect the rights and take into account the interests of consumers 15 The ex-post risk adjustment for variable remuneration 17 The monitoring of risks 18 The review of remuneration policies and practices 19 Summary overview

1(5) and 9(2) of its founding Regulation, in relation to supervisory convergence and the convergence of regulatory practice. 7. By providing a consumer protection perspective, this report complements other remuneration-related publications of the EBA, which primarily have a prudential perspective, such as the high

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