SGEIC’s policies and procedures on remuneration in the new regulation of venture capital after Law 22/2014).

SGEIC’s policies and procedures on remuneration in the new regulation of venture capital after Law 22/2014).

Abstract:

Among the innovations introduced in the Spanish venture capital legislation implementing the DGFIA, the measures regulating SGEIC’s remuneration policies are to be highlighted. Although the normative references (Law 22/2014 and LIIC by reference) are succinct, the related ESMA Guidelines extensively develops the remuneration principles applicable, as well as target SGEIC employees and the concepts to be included or excluded from these policies (highlighting
the treatment received by the carried interest).

Keywords: remuneration, AIFMD, ESMA Guidelines; carried interest