The rule in plain words
Total number of high earners must equal these three added up:
- Number of individuals in control functions
- Number of other staff
- Number of individuals in senior management
All the values are in the dealing on own account, underwriting and placing of instruments column (0030).
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
R_04.01.A: Total number of high earners, Dealing on own account, underwriting and placing of instruments = R_04.01.A: Number of individuals in control functions, Dealing on own account, underwriting and placing of instruments + R_04.01.A: Number of other staff, Dealing on own account, underwriting and placing of instruments + R_04.01.B: Number of individuals in senior management, Dealing on own account, underwriting and placing of instruments
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- 03If they differ, a part is missing, a value sits in the wrong row, or the total is out of date.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 04.01 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 the remuneration of high earners - IFD (I) (R 04.01.a)
Rows
- 0020Number of individuals in control functions
- 0030Number of other staff
- 0040Total number of high earners
Column
- 0030Dealing on own account, underwriting and placing of instruments
Information on the remuneration of high earners - IFD (II) (R 04.01.b)
Row
- 0010Number of individuals in senior management
Column
- 0030Dealing on own account, underwriting and placing of instruments
A worked example
The first of its checks, with simple numbers.
Total number of high earners must then be 2,450.
A file that reports 2,450 passes. One that reports 2,550 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_04.01.a,r0040,c0030,} = {R_04.01.a,r0020,c0030,} + {R_04.01.a,r0030,c0030,} + {R_04.01.b,r0010,c0030,}Other rules on R 04.01.a
- Total number of high earners must equal number of individuals in senior management (v12636_m)Warning
- If total number of high earners is reported, total fixed remuneration in year N of all high earners must be reported (v12638_m)Warning
- Total number of high earners must equal number of other staff (v12635_m)Warning
- If total fixed remuneration in year N of all high earners is reported, total number of high earners must be reported (v12639_m)Warning
- Identified staff cannot be more than total number of high earners (row 0050, v12634_m)Warning
- Guaranteed variable remuneration awards: if number of high earners is reported, total amount must be reported (v12640_m)Warning
- Guaranteed variable remuneration awards: if total amount is reported, number of high earners must be reported (v12641_m)Warning
- Severance payments awarded during the financial year: if number of high earners is reported, total amount must be reported (v12642_m)Warning
Every REM high earners (IF) rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.