The rule in plain words
Derogation on a firm-wide basis under Article 34(4)(a) of the IFD cannot be negative.
EBA checks it for 14 rows, from number of identified staff benefitting from the above derogation (0040) to fixed remuneration (0210). That makes 14 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.
Derogation on a firm-wide basis under Art. 34(4)(a) IFD: Total remuneration of identified staff benefitting from the above derogation >= 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 05.01 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
Rows
- 0040Number of identified staff benefitting from the above derogation
- 0060Percentage of identified staff benefitting from the above derogation
- 0070Total remuneration of identified staff benefitting from the above derogation
- 0080Of which: variable remuneration
- 0090Of which: fixed remuneration
- 0120Number of identified staff benefitting from the above derogation
- 0130Percentage of identified staff benefitting from the above derogation
- 0140Total remuneration of identified staff benefitting from the above derogation
- 0150Of which: variable remuneration
- 0160Of which: fixed remuneration
- 0180Number of identified staff benefitting from the above derogation
- 0190Total remuneration of identified staff benefitting from the above derogation
- 0200Of which: variable remuneration
- 0210Of which: fixed remuneration
Column
- 0010Derogation on a firm-wide basis under Art. 34(4)(a) IFD
A worked example
The first of its checks, with simple numbers.
Total remuneration of identified staff benefitting from the above derogation, derogation on a firm-wide basis under Article 34(4)(a) of the IFD 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_05.01,r0140,c0010,} >= 0The next five:
{R_05.01,r0200,c0010,} >= 0{R_05.01,r0060,c0010,} >= 0{R_05.01,r0090,c0010,} >= 0{R_05.01,r0120,c0010,} >= 0{R_05.01,r0190,c0010,} >= 0And 8 more, the same formula for the other cells it covers.
Other rules on R 05.01
- Derogation for staff cannot be negative (v12135_s)Warning
- If number of identified staff benefitting from the above derogation is reported, percentage of identified staff benefitting from the above derogation must be reported (row 0040, v12658_m)Warning
- If number of identified staff benefitting from the above derogation is reported, total remuneration of identified staff benefitting from the above derogation must be reported (row 0040, v12659_m)Warning
- If total remuneration of identified staff benefitting from the above derogation is reported, fixed remuneration must be reported (row 0070, v12660_m)Warning
- If total remuneration of identified staff benefitting from the above derogation is reported, variable remuneration must be reported (row 0070, v12661_m)Warning
- If number of identified staff benefitting from the above derogation is reported, percentage of identified staff benefitting from the above derogation must be reported (row 0120, v12662_m)Warning
- If number of identified staff benefitting from the above derogation is reported, total remuneration of identified staff benefitting from the above derogation must be reported (row 0120, v12663_m)Warning
- If total remuneration of identified staff benefitting from the above derogation is reported, fixed remuneration must be reported (row 0140, v12664_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.