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The European Banking Authority (EBA) recently issued revised guidelines on sound remuneration policies to implement the European Union’s (EU) CRD V directive. The guidelines, which will repeal the 2015 guidelines, will apply to certain financial institutions from 31 Dec 2021. Although the guidelines do not apply to the UK post-Brexit, the UK’s Financial Conduct Authority and Prudential Regulation Authority are expected to clarify their approach to the guidelines later in 2021.