# Directive (EU) 2019/2034 of the European Parliament and of the Council of 27 November 2019 on the prudential supervision of investment firms and amending Directives 2002/87/EC, 2009/65/EC, 2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU (Text with EEA relevance), Article 31: Investment firms that benefit from extraordinary public financial support

Extent: E+W+S+N.I.

Member States shall ensure that where an investment firm benefits from extraordinary public financial support as defined in point (28) of Article 2(1) of Directive 2014/59/EU:
(a) that investment firm does not pay any variable remuneration to members of the management body;
(b) where variable remuneration paid to staff other than members of the management body would be inconsistent with the maintenance of a sound capital base of an investment firm and its timely exit from extraordinary public financial support, variable remuneration shall be limited to a portion of net revenue.

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Source: https://www.legislation.gov.uk/eudr/2019/2034/article/31 (the official version)
Page: https://openlegislation.uk/eu-directive-2019-2034/article-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.