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:
- Other senior management
- MB management function
- Other identified staff
- MB supervisory function
The template it checks
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
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
sum({R_02.01,r0030,c0090,},{R_02.01,r0030,c0020,},{R_02.01,r0030,c0100,},{R_02.01,r0030,c0010,}) = {R_02.02,r0060,c0090,}Other rules on R 02.01
- Variable remuneration, total must equal the sum of its four parts (v12619_m)Warning
- Number of identified staff (headcount) must equal members (headcount) (row 0010, v12618_m)Warning
- Highest amount of severance payments awarded in year N to a single person cannot be more than severance payments awarded in year N, total amount (v12615_m)Warning
- If severance payments awarded in year N, number of beneficiaries is reported, highest amount of severance payments awarded in year N to a single person must be reported (v12614_m)Warning
- Severance payments awarded in year N: if total amount is reported, number of beneficiaries must be reported (v12613_m)Warning
- Severance payments awarded in year N: if number of beneficiaries is reported, total amount must be reported (v12612_m)Warning
- Guaranteed variable remuneration in year N: if total number of beneficiaries is reported, total amount must be reported (v12611_m)Warning
- Guaranteed variable remuneration in year N: if total amount is reported, total number of beneficiaries must be reported (v12610_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.
