The rule in plain words
If severance payments awarded during the financial year - total amount is reported, severance payments awarded during the financial year – number of high earners must be reported.
EBA checks it for nine columns, from MB supervisory function (0010) to all high earners in investment firms that are subject to Articles 25 and 34 of Directive 2019/2034 (0090). That makes nine 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.
MB Supervisory function: If Severance payments awarded during the financial year - Total amount is reported, then Severance payments awarded during the financial year – Number of high earners is reported
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02The check applies only when its first part holds in your file. When it does, the second part must hold too: fix the second part, or correct the first.
- 03It runs only when your filing indicators mark R 04.00 as reported.
- 04This 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
- 0190Severance payments awarded during the financial year – Number of high earners
- 0200Severance payments awarded during the financial year - Total amount
Columns
- 0010MB Supervisory function
- 0020MB Management function
- 0030Investment banking
- 0040Retail banking
- 0050Asset management
- 0060Corporate functions
- 0070Independent control functions
- 0080All other high earners
- 0090All high earners in investment firms that are subject to Article 25 and 34 of Directive 2019/2034
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}.
if (not(empty({R_04.00.a,r0200,c0010,}))) then (not(empty({R_04.00.a,r0190,c0010,}))) else TrueThe next five:
if (not(empty({R_04.00.a,r0200,c0050,}))) then (not(empty({R_04.00.a,r0190,c0050,}))) else Trueif (not(empty({R_04.00.a,r0200,c0080,}))) then (not(empty({R_04.00.a,r0190,c0080,}))) else Trueif (not(empty({R_04.00.a,r0200,c0090,}))) then (not(empty({R_04.00.a,r0190,c0090,}))) else Trueif (not(empty({R_04.00.a,r0200,c0020,}))) then (not(empty({R_04.00.a,r0190,c0020,}))) else Trueif (not(empty({R_04.00.a,r0200,c0040,}))) then (not(empty({R_04.00.a,r0190,c0040,}))) else TrueAnd 3 more, the same formula for the other cells it covers.
Other rules on R 04.00.a
- 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
- 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
- Severance payments awarded during the financial year, total amount cannot be more than total variable remuneration of all high earners (v09266_m)Warning
- Severance payments awarded during the financial year, number of high earners cannot be more than total number of high earners (v09265_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
- The sum of two rows cannot be less than 1,000,000 times total number of high earners (v09297_m)Warning
- MB management function cannot be negative (v09240_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.