The rule in plain words
Total remuneration (in EUR) must equal total fixed remuneration (in EUR) in year N plus total variable remuneration (in EUR) in year N.
The template it checks
Information on remuneration of identified staff in investment firms (R 02.01)
Rows
- 0030Total fixed remuneration (in EUR) in year N
- 0110Total variable remuneration (in EUR) in year N
Column
- 0090Other senior management
Information on remuneration of identified staff per business area (R 02.02)
Row
- 0040Total remuneration (in EUR)
Column
- 0090Total
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{R_02.02,r0040,c0090,} = {R_02.01,r0030,c0090,} + {R_02.01,r0110,c0090,}Other rules on R 02.01
- Number of other identified staff, total must equal number of identified staff in FTE, other identified staff (v12103_m)Warning
- Number of other senior management must equal number of identified staff in FTE (v12102_m)Warning
- Number of identified staff (headcount) must equal members (headcount) (row 0010, v12101_m)Warning
- A sum of five rows cannot be less than 0.5 times a calculation over four rows (v12100_m)Warning
- A sum of seven rows cannot be less than 0.4 times a calculation over four rows (v12099_m)Warning
- Total variable remuneration in year N cannot be less than the sum of seven rows (v12098_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 guaranteed variable remuneration in year N, total amount (v12096_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.