on 24 november 2010, the council and the european parliament officially adopted directive 2010/76/eu on capital requirements for the trading book and for re-securitisations and the supervisory review of remuneration policies. directive 2010/76/eu was to be implemented in two phases. the first, which affects the remuneration provisions, as well as a number of other ones dealing with the extension of some pre-existing minimum capital requirements, had to be implemented by 1 january 2011. the remaining provisions had to be implemented by 31 december 2011.