The rule in plain words
If number of identified staff benefitting from the above derogation is reported, percentage of identified staff benefitting from the above derogation must be reported.
EBA checks it for two columns: derogation on a firm-wide basis under Article 34(4)(a) of the IFD and derogation for staff under Article 34(4)(b) of the IFD. That makes two 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.
Derogation for staff under Art. 34(4)(b) IFD: If Number of identified staff benefitting from the above derogation is reported, then Percentage of identified staff benefitting from the above derogation is reported
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02The check applies only when its first part holds in your file. When it does, the second part must hold too: fix the second part, or correct the first.
- 03It runs only when your filing indicators mark R 05.01 as reported.
- 04This 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
Rows
- 0120Number of identified staff benefitting from the above derogation
- 0130Percentage of identified staff benefitting from the above derogation
Columns
- 0010Derogation on a firm-wide basis under Art. 34(4)(a) IFD
- 0020Derogation for staff under Art. 34(4)(b) IFD
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}.
if ((not(empty({R_05.01,r0120,c0020,})))) then ((not(empty({R_05.01,r0130,c0020,})))) else TrueThe next one:
if ((not(empty({R_05.01,r0120,c0010,})))) then ((not(empty({R_05.01,r0130,c0010,})))) else TrueOther rules on R 05.01
- If total remuneration of identified staff benefitting from the above derogation is reported, variable remuneration must be reported (row 0070, v12661_m)Warning
- If number of identified staff benefitting from the above derogation is reported, total remuneration of identified staff benefitting from the above derogation must be reported (row 0120, v12663_m)Warning
- If total remuneration of identified staff benefitting from the above derogation is reported, fixed remuneration must be reported (row 0070, v12660_m)Warning
- If total remuneration of identified staff benefitting from the above derogation is reported, fixed remuneration must be reported (row 0140, v12664_m)Warning
- If number of identified staff benefitting from the above derogation is reported, total remuneration of identified staff benefitting from the above derogation must be reported (row 0040, v12659_m)Warning
- If total remuneration of identified staff benefitting from the above derogation is reported, variable remuneration must be reported (row 0140, v12665_m)Warning
- If number of identified staff benefitting from the above derogation is reported, percentage of identified staff benefitting from the above derogation must be reported (row 0040, v12658_m)Warning
- If number of identified staff benefitting from the above derogation is reported, total remuneration of identified staff benefitting from the above derogation must be reported (row 0180, v12666_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.