Conclusions and recommendations
Powers to control remuneration: the Financial
Services Bill
1. We
recommend that the Government make this limitation [of the power
of the FSA to interfere with existing contractual terms] explicit
on the face of the Bill, which should meet the concerns about
the provision's compatibility with Article 1 Protocol 1. (Paragraph
1.8)
The tax on the payment of bonuses: the Pre-Budget
Report
2. In
our view it is … unlikely that the tax is incompatible with
Article 1 Protocol 1 ECHR. (Paragraph 1.16)
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