Year ended 31 January 2025
AlbR Capital Limited is authorised and regulated by the Financial Conduct Authority (FCA) and is classified as a Small Non-Interconnected (SNI) MIFIDPRU investment firm under the FCA’s prudential regime for MiFID investment firms (MIFIDPRU).
In accordance with the disclosure requirements set out in MIFIDPRU 8, AlbR Capital Limited is required to publish certain information annually. As an SNI firm, the scope of disclosure is limited to the following:
Remuneration Disclosure
AlbR Capital Limited maintains a remuneration policy that is appropriate to its size, the nature, scope and complexity of its activities. The policy is designed to promote sound and effective risk management and does not encourage excessive risk taking.
AlbR’s basic remuneration requirements can be divided into four main areas, policy design, governance and oversight, fixed and variable remuneration and restrictions on variable remuneration.
Remuneration Policy Design
- be proportionate to the size, internal organisation and nature, as well as to the scope and complexity, of AlbR’s activities.
- be gender neutral.
- be consistent with, and promote, sound and effective risk management.
- be in line with the AlbR’s business strategy and objectives and take into account long term effects of investment decisions taken.
- contain measures to avoid conflicts of interest, encourage responsible business conduct and promote risk awareness and prudent risk-taking.
Governance and Oversight
- The Management Body must adopt and periodically review the Remuneration Policy and have responsibility for overseeing its implementation.
- Staff with control functions must be independent from the business units they oversee and be remunerated according to objectives linked to their functions.
- Remuneration of senior staff in compliance function must be directly overseen by the Management Body.
Fixed and Variable Remuneration
- The Remuneration Policy must make a clear distinction between the criteria applied to determine fixed and variable remuneration.
- The fixed and variable components of the total remuneration must be appropriately balanced.
- The fixed component must represent a sufficiently high proportion of the total remuneration to enable the operation of a fully flexible policy on variable remuneration, including the possibility of paying no variable remuneration component.
- When assessing individual performance, both financial and non-financial criteria must be taken into account.
Restrictions on Variable Remuneration
- Variable remuneration must not affect the firm’s ability to ensure a sound capital base.
- Variable remuneration must be paid only to the members of the Management Body who perform any executive function in the firm.
Total Amount of Remuneration Awarded
For the financial year ended 31 January 2025:
- Total amount of remuneration awarded to all staff: £960,169
- Breakdown of remuneration:
- Fixed remuneration: £960,169
- Variable remuneration: £nil
AlbR Capital Limited Limited does not pay remuneration that includes performance-related bonuses or other variable components that could incentivise risk-taking inconsistent with the firm’s risk profile.