The rule in plain words
Fixed remuneration (in EUR), total must equal these four added up, all for total fixed remuneration (in EUR) in year N:
- MB supervisory function
- MB management function
- Other senior management
- Other identified staff
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
R_02.02: Of which: fixed remuneration (in EUR), Total = R_02.01: Total fixed remuneration (in EUR) in year N, MB Supervisory function + R_02.01: Total fixed remuneration (in EUR) in year N, MB Management function + R_02.01: Total fixed remuneration (in EUR) in year N, Other senior management + R_02.01: Total fixed remuneration (in EUR) in year N, Other identified staff
What to do if your filing fails it
- 01Open the templates below and find the cells the rule reads.
- 02Add up the parts in your file and compare the result with the total.
- 03If they differ, a part is missing, a value sits in the wrong column, or the total is out of date.
- 04EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 05It runs only when your filing indicators mark R 02.01 and R 02.02 as reported.
- 06This 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)
Row
- 0030Total fixed 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
- 0060Of which: fixed remuneration (in EUR)
Column
- 0090Total
A worked example
The first of its checks, with simple numbers.
Fixed remuneration (in EUR), total must then be 2,750.
A file that reports 2,750 passes. One that reports 2,850 fails, by 100.
The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{R_02.02,r0060,c0090,} = {R_02.01,r0030,c0010,} + {R_02.01,r0030,c0020,} + {R_02.01,r0030,c0090,} + {R_02.01,r0030,c0100,}Other rules on R 02.01
- 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
- Total variable remuneration in year N cannot be less than the sum of seven rows (v12098_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.
