The rule in plain words
Variable remuneration (EUR) cannot be less than total amount of variable remuneration awarded for multi-year periods under programmes which are not revolved annually (EUR).
All the values are in the MB management function column (0020).
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
R_01.00: Of which: variable remuneration (EUR), MB Management function >= R_02.00: Total amount of variable remuneration awarded for multi-year periods under programmes which are not revolved annually (EUR), MB Management function
What to do if your filing fails it
- 01Open the templates below and find the cells the rule reads.
- 02Compare the values in your file. If the first is smaller than it may be, one of them is wrong: check both before you change either.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark R 01.00 and R 02.00 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
General information and information on remuneration of all staff (R 01.00)
Row
- 0050Of which: variable remuneration (EUR)
Column
- 0020MB Management function
Additional information on remuneration of identified staff (R 02.00)
Row
- 0260Total amount of variable remuneration awarded for multi-year periods under programmes which are not revolved annually (EUR)
Column
- 0020MB Management function
A worked example
The first of its checks, with simple numbers.
Total amount of variable remuneration awarded for multi-year periods under programmes which are not revolved annually (EUR) can then be at most 1,200.
A file that reports 1,200 passes. One that reports 1,300 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_01.00,r0050,c0020,} >= {R_02.00,r0260,c0020,}Other rules on R 01.00
- Variable remuneration cannot be less than total amount of variable remuneration awarded for multi-year periods under programmes which are not revolved annually (row 0050, v12452_m)Warning
- The sum of six columns cannot be less than total amount of variable remuneration awarded for multi-year periods under programmes which are not revolved annually, other senior management (v12454_m)Warning
- The sum of six columns cannot be less than total amount of contributions to discretionary pension benefits in year N (included in other forms of variable remuneration), other identified staff (v12451_m)Warning
- The sum of six columns cannot be less than total amount of variable remuneration awarded for multi-year periods under programmes which are not revolved annually, other identified staff (v12455_m)Warning
- The sum of six columns cannot be less than total amount of contributions to discretionary pension benefits in year N (included in other forms of variable remuneration), other senior management (v12450_m)Warning
- A check on general information and information on remuneration of all staff, and additional information on remuneration of identified staff (R 02.00, v12456_m)Not run yet
- Variable remuneration cannot be less than total amount of contributions to discretionary pension benefits in year N (included in other forms of variable remuneration) (row 0050, v12449_m)Warning
- A check on general information and information on remuneration of all staff, and additional information on remuneration of identified staff (R 02.00, v12457_m)Not run yet
Every REM benchmarking rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.