Employment in Financial Services

Contributing Editor

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

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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?

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?

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Brazil

  • at Tortoro Madureira & Ragazzi Advogados
  • at Tortoro Madureira & Ragazzi Advogados
  • at Tortoro Madureira & Ragazzi Advogados
  • at Tortoro Madureira & Ragazzi Advogados

As a legal requirement, it is necessary to issue the term of termination of the employment contract. This document specifies the amounts paid at that time (there is a difference between terminations for just cause and without cause).

For workers in the sector, general rules apply, as no specific rules are created by law or a collective instrument.

Last updated on 16/04/2024

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Ireland

Ireland

  • at Maples Group
  • at Maples Group

Where possible it is important to try to resolve any outstanding issues that a PCF has or may have before the PCF's contract is terminated. An RFSP is required to give details of the circumstances of a PCF's termination of employment and to confirm whether or not there are outstanding issues regarding the PCF.

It is important to ensure that there are adequate provisions to govern the following in any settlement agreement or termination arrangements:

  • adequate handover of operational responsibility;
  • continued co-operation on operational matters within the employee's knowledge or in relation to matters that may subsequently be investigated by the CBI;
  • secure return of all company property including any personal data; and
  • post-termination confidentiality obligations and any other necessary post-termination restrictions.
Last updated on 24/04/2024