Central Bank updates Q&A on the payment of distributions and variable remuneration by MiFID investment firms during the COVID-19 pandemic

The Central Bank has updated its Q&A on the payment of distributions and variable remuneration by MiFID investment firms during the COVID-19 pandemic.

In particular, the Central Bank notes the publication of an amending Recommendation on restriction of distribution policies by the ESRB on 18 December 2020

The Central Bank will be communicating with MiFID investment firms further on this matter in the coming weeks.  In the interim we expect MiFID investment firms to continue to follow our existing guidance beyond 01 January 2021.