The rule in plain words
If number of identified staff in FTE is more than zero, total fixed remuneration (in EUR) in year N must be more than zero.
EBA checks it for two columns: other senior management and other identified staff. That makes two 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.
Other senior management: If Number of identified staff in FTE > 0, then Total fixed remuneration (in EUR) in year N > 0
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.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark R 02.01 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 remuneration of identified staff in investment firms (R 02.01)
Rows
- 0020Number of identified staff in FTE
- 0030Total fixed remuneration (in EUR) in year N
Columns
- 0090Other senior management
- 0100Other identified staff
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 ({R_02.01,r0020,c0090,} > 0) then ({R_02.01,r0030,c0090,} > 0) else TrueThe next one:
if ({R_02.01,r0020,c0100,} > 0) then ({R_02.01,r0030,c0100,} > 0) else TrueOther rules on R 02.01
- Total variable remuneration in year N cannot be less than guaranteed variable remuneration in year N, total amount (v12096_m)Warning
- Total variable remuneration in year N cannot be less than severance payments awarded in previous periods, paid out during the financial year, total amount (v12097_m)Warning
- Total variable remuneration in year N cannot be less than the sum of seven rows (v12098_m)Warning
- A sum of seven rows cannot be less than 0.4 times a calculation over four rows (v12099_m)Warning
- A sum of five rows cannot be less than 0.5 times a calculation over four rows (v12100_m)Warning
- Number of identified staff (headcount) must equal members (headcount) (row 0010, v12101_m)Warning
- Number of other senior management must equal number of identified staff in FTE (v12102_m)Warning
- Number of other identified staff, total must equal number of identified staff in FTE, other identified staff (v12103_m)Warning
Every REM benchmarking (IF) rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.