The rule in plain words
None of the values it checks in information on the remuneration of high earners (I) can be negative.
EBA checks it for two columns: MB supervisory function and corporate functions. And for 36 rows, from number of other staff (0030) to total amount of fixed remuneration of high earners that are not identified staff (0270). That makes 72 checks. A failure names the one that failed.
How the Line4 Check report words itShowHide
The first of its checks, word for word as the report shows it when it fails. The others read the same, with their own column, row or sheet.
Corporate functions: Of which: number of male high earners >= 0
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Look for a value with the wrong sign in these cells, such as an amount entered as a negative number.
- 03EBA compares the values exactly here: there is no rounding tolerance.
- 04It runs only when your filing indicators mark R 04.00 as reported.
- 05This is a warning. It does not stop the filing on its own, but your authority may ask you to explain it.
The cells it reads
Information on the remuneration of high earners (I) (R 04.00.a)
Rows
- 0030Number of other staff
- 0040Total number of high earners
- 0041Of which: number of male high earners
- 0042Of which: number of female high earners
- 0043Of which: number of high earners that have a different gender than the male or female gender
- 0055Of which: Number of high earners (included in row 4) in subsidiaries that are subject to a specific remuneration framework under other union
- 0060Total fixed remuneration of all high earners (in EUR)
- 0070Of which: cash-based
- 0080Of which: shares or equivalent ownership interests
- 0081Of which: share-linked instruments or equivalent non-cash instruments
- 0090Of which: other instruments
- 0091Of which: other forms
- 0100Total variable remuneration of all high earners (in EUR)
- 0110Of which: cash-based
- 0111Of which: deferred
- 0120Of which: shares or equivalent ownership interests
- 0121Of which: deferred
- 0122Of which: share-linked instruments or equivalent non-cash instruments
- 0123Of which: deferred
- 0130Of which: other instruments
- 0131Of which: deferred
- 0132Of which: other forms
- 0133Of which: deferred
- 0181Guaranteed variable remuneration awards – number of high earners
- 0182Guaranteed variable remuneration awards – Total amount
- 0183Of which: guaranteed variable remuneration awards, awarded to identified staff for the financial year, that are not taken into account in th
- 0190Severance payments awarded during the financial year – Number of high earners
- 0200Severance payments awarded during the financial year - Total amount
- 0201Of which severance payments awarded for the financial year to identified staff, that are not taken into account in the bonus cap
- 0205Number of beneficiaries of contributions to discretionary pension benefits in year N
- 0210Total amount of contributions to discretionary pension benefits in year N (in EUR)
- 0220Total amount of variable remuneration awarded for multi- year periods under programmes which are not revolved annually (in EUR)
- 0240For institutions that benefit from a derogation at an institutional level Number of high earners benefitting from the derogations under Art
- 0250For institutions that benefit from a derogation at an institutional level Variable remuneration of individual high earners that are identif
- 0260Total amount of variable remuneration of high earners that are not identified staff
- 0270Total amount of fixed remuneration of high earners that are not identified staff
Columns
- 0010MB Supervisory function
- 0060Corporate functions
A worked example
The first of its checks, with simple numbers.
Number of male high earners, corporate functions must then be at least 0.
A file that reports 0 passes. One that reports -100 fails, by 100.
The numbers are illustrative.
Show the rule as writtenShowHide
EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{R_04.00.a,r0041,c0060,} >= 0The next five:
{R_04.00.a,r0121,c0060,} >= 0{R_04.00.a,r0123,c0010,} >= 0{R_04.00.a,r0132,c0010,} >= 0{R_04.00.a,r0080,c0060,} >= 0{R_04.00.a,r0260,c0010,} >= 0And 66 more, the same formula for the other cells it covers.
Other rules on R 04.00.a
- MB management function cannot be negative (v09240_s)Warning
- Severance payments awarded during the financial year, number of high earners cannot be more than total number of high earners (v09265_m)Warning
- Severance payments awarded during the financial year, total amount cannot be more than total variable remuneration of all high earners (v09266_m)Warning
- Total amount of contributions to discretionary pension benefits in year N cannot be more than total variable remuneration of all high earners (v09267_m)Warning
- Total amount of variable remuneration awarded for multi- year periods under programmes which are not revolved annually cannot be more than total variable remuneration of all high earners (v09268_m)Warning
- Severance payments awarded during the financial year: if total amount is reported, number of high earners must be reported (row 0200, v09269_m)Warning
- The sum of three rows cannot be more than total variable remuneration of all high earners (v09282_m)Warning
- If a sum of five rows is zero or more, total variable remuneration of all high earners cannot be negative (v09293_m)Warning
Every REM high earners rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.