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 and Select Questions Select specific jurisdictions to filter on 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 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? Search Clear filters Download your results as a PDF Save to PDF Contributing editors First Name Louise Skinner, Law firm Morgan Lewis & Bockius Contributors Nicolas Simon, Van Olmen & Wynant, BelgiumCaio Medici Madureira, Tortoro Madureira & Ragazzi Advogados, BrazilRodrigo Souza Macedo, Tortoro Madureira & Ragazzi Advogados, BrazilÂngelo Antonio Cabral, Tortoro Madureira & Ragazzi Advogados, BrazilRebeca Bispo Bastos, Tortoro Madureira & Ragazzi Advogados, BrazilBéatrice Pola, DS Avocats, FranceTill Heimann, KLIEMT.HR Lawyers, GermanyAnne-Kathrin Bertke, KLIEMT.HR Lawyers, GermanyMarina Christine Csizmadia, KLIEMT.HR Lawyers, GermanyCharles Mo, Morgan Lewis & Bockius, Hong KongJoanne Mok, Morgan Lewis & Bockius, Hong KongVikram Shroff, AZB & Partners, IndiaKaren Killalea, Maples Group, IrelandCiara Ni Longaigh, Maples Group, IrelandKatherine Sheerin, Cains, Isle of ManLindsey Bermingham, Cains, Isle of ManKirsten Porter, Cains, Isle of ManEmily Johnson, Cains, Isle of ManHéctor González Graf, Marván, González Graf y González Larrazolo, MexicoSjoerd Remers, Lexence, NetherlandsIan Lim, TSMP Law Corporation, SingaporeMark Jacobsen, TSMP Law Corporation, SingaporeNicholas Ngo, TSMP Law Corporation, SingaporeElizabeth Tan, TSMP Law Corporation, SingaporeSimone Wetzstein, Walder Wyss, SwitzerlandMatthias Lötscher, Walder Wyss, SwitzerlandSarah Vettiger, Walder Wyss, SwitzerlandRebecca Ford, Morgan Lewis & Bockius, UAELouise Skinner, Morgan Lewis & Bockius, United KingdomThomas Twitchett, Morgan Lewis & Bockius LLP, United KingdomOliver Gregory, Morgan Lewis & Bockius, United KingdomMelissa Hill, Morgan Lewis & Bockius, United StatesLeora Grushka, Morgan Lewis & Bockius, United States Contributors Nicolas Simon, Van Olmen & Wynant, Belgium Till Heimann, KLIEMT.HR Lawyers, Germany Anne-Kathrin Bertke, KLIEMT.HR Lawyers, Germany Marina Christine Csizmadia, KLIEMT.HR Lawyers, Germany Vikram Shroff, AZB & Partners, India Charles Mo, Morgan Lewis & Bockius, Hong Kong Joanne Mok, Morgan Lewis & Bockius, Hong Kong Ian Lim, TSMP Law Corporation, Singapore Mark Jacobsen, TSMP Law Corporation, Singapore Nicholas Ngo, TSMP Law Corporation, Singapore Elizabeth Tan, TSMP Law Corporation, Singapore Louise Skinner, Morgan Lewis & Bockius, United Kingdom Thomas Twitchett, Morgan Lewis & Bockius LLP, United Kingdom Oliver Gregory, Morgan Lewis & Bockius, United Kingdom Melissa Hill, Morgan Lewis & Bockius, United States Leora Grushka, Morgan Lewis & Bockius, United States Simone Wetzstein, Walder Wyss, Switzerland Matthias Lötscher, Walder Wyss, Switzerland Sarah Vettiger, Walder Wyss, Switzerland Béatrice Pola, DS Avocats, France Karen Killalea, Maples Group, Ireland Ciara Ni Longaigh, Maples Group, Ireland Héctor González Graf, Marván, González Graf y González Larrazolo, Mexico Sjoerd Remers, Lexence, Netherlands Caio Medici Madureira, Tortoro Madureira & Ragazzi Advogados, Brazil Rodrigo Souza Macedo, Tortoro Madureira & Ragazzi Advogados, Brazil Ângelo Antonio Cabral, Tortoro Madureira & Ragazzi Advogados, Brazil Rebeca Bispo Bastos, Tortoro Madureira & Ragazzi Advogados, Brazil Katherine Sheerin, Cains, Isle of Man Lindsey Bermingham, Cains, Isle of Man Kirsten Porter, Cains, Isle of Man Emily Johnson, Cains, Isle of Man Rebecca Ford, Morgan Lewis & Bockius, UAE