The rule in plain words
Total fixed remuneration of all high earners (in EUR) must equal these five added up:
- Cash-based
- Shares or equivalent ownership interests
- Other instruments
- Share-linked instruments or equivalent non-cash instruments
- Other forms
All the values are in the asset management column (0050) of R 04.00.a.
EBA writes it out nine times. These words are for the first; the others are the same rule on other cells.
The template it checks
Information on the remuneration of high earners (I) (R 04.00.a)
Rows
- 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
Column
- 0050Asset management
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,r0060,c0050,} = {R_04.00.a,r0070,c0050,} + {R_04.00.a,r0080,c0050,} + {R_04.00.a,r0090,c0050,} + {R_04.00.a,r0081,c0050,} + {R_04.00.a,r0091,c0050,}And 8 more, the same formula for the other cells it covers.
Other rules on R 04.00.a
- 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
- MB management function cannot be negative (v09240_s)Warning
- None of the 72 values it checks in information on the remuneration of high earners (I) can be negative (v09239_s)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.