Image Guide to Employment in Financial Services In a rapidly evolving regulatory landscape, employers in the financial services sector must ensure they are fully compliant with local employment rules and procedures. Helping to mitigate risk, IEL’s guide provides clear answers to the key issues facing employers in the sector. Choose countries Choose the countries you want information on, or choose all for the full picture. Select specific jurisdictions to filter on Belgium Brazil France Germany Hong Kong India Ireland Isle of Man Mexico Netherlands Singapore Switzerland UAE United Kingdom United States Choose questions Choose the questions you would like answering, or choose all for the full picture. Overview 01. What is the primary regulatory regime applicable to financial services employees in your jurisdiction? Engagement 02. Are there particular pre-screening measures that need to be taken when engaging a financial services employee? Does this vary depending on seniority or type of role? In particular, is there any form of regulator-specified reference that has to be provided by previous employers in the financial services industry? 03. What documents should be put in place when engaging employees within the financial services industry? Are any particular contractual documents required? 04. Do any categories of employee need to have special certification in order to undertake duties for financial services employers? If so, what are the requirements that apply? 05. Do any categories of employee have enhanced responsibilities under the applicable regulatory regime? 06. Is there a register of financial services employees that individuals will need to be listed on to undertake particular business activities? If so, what are the steps required for registration? Remuneration and training 07. Are there any specific rules relating to compensation payable to financial services employees in your jurisdiction, including, for example, limits on variable compensation, or provisions for deferral, malus and/or clawback of monies paid to employees? 08. Are there particular training requirements for employees in the financial services sector? Culture and conduct 09. Is there a particular code of conduct and/or are there other regulations regarding standards of behaviour that financial services employees are expected to adhere to? 10. Are there any circumstances in which notifications relating to the employee or their conduct will need to be made to local or international regulators? 11. Are there any particular requirements that employers should implement with respect to the prevention of wrongdoing, for example, related to whistleblowing or the prevention of harassment? Termination and restrictive covenants 12. Are there any particular rules or protocols that apply when terminating the employment of an employee in the financial services sector, including where a settlement agreement is entered into? 13. Are there any particular rules that apply in relation to the use of post-termination restrictive covenants for employees in the financial services sector? 14. Are non-disclosure agreements (NDAs) potentially lawful in your jurisdiction? If so, must they follow any particular form or rules? Download your results as a PDF Save to PDF Contributing editors First Name Louise Skinner, Law firm Morgan Lewis & Bockius Contributors First Name Nicolas Simon, Van Olmen & Wynant, Belgium First Name Till Heimann, Kliemt.HR Lawyers, Germany First Name Anne-Kathrin Bertke, KLIEMT, Germany First Name Marina Christine Csizmadia, KLIEMT, Germany First Name Vikram Shroff, AZB & Partners, India First Name Charles Mo, Morgan Lewis & Bockius , Hong Kong First Name Joanne Mok, Morgan Lewis & Bockius , Hong Kong First Name Ian Lim, TSMP Law Corporation, Singapore First Name Mark Jacobsen, TSMP Law Corporation, Singapore First Name Nicholas Ngo, TSMP Law Corporation, Singapore First Name Elizabeth Tan, TSMP Law Corporation, Singapore First Name Louise Skinner, Morgan Lewis & Bockius , United Kingdom First Name Thomas Twitchett, Morgan Lewis & Bockius LLP, United Kingdom First Name Oliver Gregory, Morgan Lewis & Bockius , United Kingdom First Name Melissa Hill, Morgan Lewis & Bockius , United States First Name Leora Grushka, Morgan Lewis & Bockius , United States First Name Simone Wetzstein, Walder Wyss, Switzerland First Name Matthias Lötscher, Walder Wyss, Switzerland First Name Sarah Vettiger, Walder Wyss, Switzerland First Name Béatrice Pola, DS Avocats, France First Name Karen Killalea, Maples Group , Ireland First Name Ciara Ni Longaigh , Maples Group, Ireland First Name Héctor González Graf, Marván, González Graf y González Larrazolo , Mexico First Name Sjoerd Remers, Lexence, Netherlands First Name Caio Medici Madureira, Tortoro Madureira & Ragazzi Advogados, Brazil First Name Rodrigo Souza Macedo, Tortoro Madureira & Ragazzi Advogados, Brazil First Name Ângelo Antonio Cabral, Tortoro Madureira & Ragazzi Advogados, Brazil First Name Rebeca Bispo Bastos, Tortoro Madureira & Ragazzi Advogados, Brazil First Name Katherine Sheerin, Cains, Isle of Man First Name Lindsey Bermingham, Cains, Isle of Man First Name Kirsten Porter, Cains, Isle of Man First Name Emily Johnson, Cains, Isle of Man First Name Rebecca Ford, Morgan Lewis & Bockius , United Arab Emirates Contributors First Name Nicolas Simon, Van Olmen & Wynant, Belgium First Name Till Heimann, Kliemt.HR Lawyers, Germany First Name Anne-Kathrin Bertke, KLIEMT, Germany First Name Marina Christine Csizmadia, KLIEMT, Germany First Name Vikram Shroff, AZB & Partners, India First Name Charles Mo, Morgan Lewis & Bockius , Hong Kong First Name Joanne Mok, Morgan Lewis & Bockius , Hong Kong First Name Ian Lim, TSMP Law Corporation, Singapore First Name Mark Jacobsen, TSMP Law Corporation, Singapore First Name Nicholas Ngo, TSMP Law Corporation, Singapore First Name Elizabeth Tan, TSMP Law Corporation, Singapore First Name Louise Skinner, Morgan Lewis & Bockius , United Kingdom First Name Thomas Twitchett, Morgan Lewis & Bockius LLP, United Kingdom First Name Oliver Gregory, Morgan Lewis & Bockius , United Kingdom First Name Melissa Hill, Morgan Lewis & Bockius , United States First Name Leora Grushka, Morgan Lewis & Bockius , United States First Name Simone Wetzstein, Walder Wyss, Switzerland First Name Matthias Lötscher, Walder Wyss, Switzerland First Name Sarah Vettiger, Walder Wyss, Switzerland First Name Béatrice Pola, DS Avocats, France First Name Karen Killalea, Maples Group , Ireland First Name Ciara Ni Longaigh , Maples Group, Ireland First Name Héctor González Graf, Marván, González Graf y González Larrazolo , Mexico First Name Sjoerd Remers, Lexence, Netherlands First Name Caio Medici Madureira, Tortoro Madureira & Ragazzi Advogados, Brazil First Name Rodrigo Souza Macedo, Tortoro Madureira & Ragazzi Advogados, Brazil First Name Ângelo Antonio Cabral, Tortoro Madureira & Ragazzi Advogados, Brazil First Name Rebeca Bispo Bastos, Tortoro Madureira & Ragazzi Advogados, Brazil First Name Katherine Sheerin, Cains, Isle of Man First Name Lindsey Bermingham, Cains, Isle of Man First Name Kirsten Porter, Cains, Isle of Man First Name Emily Johnson, Cains, Isle of Man First Name Rebecca Ford, Morgan Lewis & Bockius , United Arab Emirates