The rule in plain words
Deferred other forms cannot be more than other forms.
EBA checks it for four columns: MB supervisory function, MB management function, other senior management and other identified staff. That makes four 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.
MB Management function: Of which: deferred <= Of which: other forms
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Compare the values in your file. If the first is bigger 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 09.00 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
Remuneration awarded for the financial year (R 09.00)
Rows
- 0180Of which: other forms
- 0190Of which: deferred
Columns
- 0010MB Supervisory function
- 0020MB Management function
- 0030Other senior management
- 0040Other identified staff
A worked example
The first of its checks, with simple numbers.
Other forms must then be at least 1,200.
A file that reports 1,200 passes. One that reports 1,100 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, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{R_09.00,r0190,c0020,} <= {R_09.00,r0180,c0020,}The next three:
{R_09.00,r0190,c0040,} <= {R_09.00,r0180,c0040,}{R_09.00,r0190,c0030,} <= {R_09.00,r0180,c0030,}{R_09.00,r0190,c0010,} <= {R_09.00,r0180,c0010,}Other rules on R 09.00
- Deferred other instruments cannot be more than other instruments (v12559_m)Warning
- Deferred share-linked instruments or equivalent non-cash instruments cannot be more than share-linked instruments or equivalent non-cash instruments (v12558_m)Warning
- A balancing check across remuneration awarded for the financial year and information on remuneration of staff whose professional activities have a material impact on institutions’ risk profile (identified staff) (R 12.00.a, v12562_m)Warning
- Deferred shares or equivalent ownership interests cannot be more than shares or equivalent ownership interests (v12557_m)Warning
- Variable remuneration: a balancing check across remuneration awarded for the financial year and information on remuneration of staff whose professional activities have a material impact on institutions’ risk profile (identified staff) (R 12.00.a, v12563_m)Warning
- Deferred variable remuneration cannot be more than cash-based variable remuneration (v12556_m)Warning
- Fixed remuneration: a balancing check across remuneration awarded for the financial year and information on remuneration of staff whose professional activities have a material impact on institutions’ risk profile (identified staff) (R 12.00.a, v12564_m)Warning
- Number of identified staff (under variable remuneration) cannot be more than number of identified staff (under fixed remuneration) (v12555_m)Warning
Every REM benchmarking rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.