The rule in plain words
Total remuneration (in EUR), total must equal these four added up, all for total variable remuneration (in EUR) in year N:
- MB supervisory function
- MB management function
- Other senior management
- Other identified staff
The template it checks
Information on remuneration of identified staff in investment firms (R 02.01)
Row
- 0110Total variable remuneration (in EUR) in year N
Columns
- 0010MB Supervisory function
- 0020MB Management function
- 0090Other senior management
- 0100Other identified staff
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,r0110,c0010,} + {R_02.01,r0110,c0020,} + {R_02.01,r0110,c0090,} + {R_02.01,r0110,c0100,}Other rules on R 02.01
- Fixed remuneration, total must equal the sum of its four parts (v12200_m)Warning
- Total variable remuneration (in EUR) in year N: none of the 82 values it checks in information on remuneration of identified staff in investment firms can be negative (v12180_s)Warning
- Total fixed remuneration (in EUR) in year N: none of the 82 values it checks in information on remuneration of identified staff in investment firms can be negative (v12126_s)Warning
- 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
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.