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 six columns: investment banking, retail banking, asset management, independent control functions, all other high earners, and all high earners in investment firms that are subject to Articles 25 and 34 of Directive 2019/2034. And for 37 rows, from number of individuals in control functions (0020) to total amount of fixed remuneration of high earners that are not identified staff (0270). That makes 222 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.
All high earners in investment firms that are subject to Article 25 and 34 of Directive 2019/2034: 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
- 0020Number of individuals in control functions
- 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
- 0030Investment banking
- 0040Retail banking
- 0050Asset management
- 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
A worked example
The first of its checks, with simple numbers.
Number of male high earners, all high earners in investment firms that are subject to Articles 25 and 34 of Directive 2019/2034 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,c0090,} >= 0The next five:
{R_04.00.a,r0200,c0090,} >= 0{R_04.00.a,r0080,c0070,} >= 0{R_04.00.a,r0111,c0030,} >= 0{R_04.00.a,r0200,c0080,} >= 0{R_04.00.a,r0060,c0040,} >= 0And 216 more, the same formula for the other cells it covers.
Other rules on R 04.00.a
- Shares or equivalent ownership interests plus share-linked instruments or equivalent non-cash instruments plus other instruments cannot be less than 0.5 times a calculation over five rows (v12121_m)Warning
- Total variable remuneration of all high earners cannot be less than the sum of five rows (v12117_m)Warning
- Number of high earners in subsidiaries that are subject to a specific remuneration framework under other union cannot be more than total number of high earners (v12110_m)Warning
- Total number of high earners must equal the sum of its three parts (row 0040, v12108_m)Warning
- Total number of high earners must equal the sum of its three parts (row 0040, v12186_m)Warning
- Identified staff cannot be more than total number of high earners (row 0050, v12187_m)Warning
- Identified staff cannot be more than total number of high earners (row 0050, v12188_m)Warning
- Identified staff cannot be more than total number of high earners (row 0050, v12189_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.