2. Procedural specifications for firms

High-earners data should be submitted (see also Annex IV) to the competent authority each year for any given financial year (the ‘ reported year ’ ) by 15 June of the next calendar year, by:

• a. institutions referred to in Subsection 1.1, using the template for the data collection specified under:
• i. Annex I for high earners that are staff of institutions and other entities in the scope of consolidation;
• ii. Annex II for high earners that are staff in investment firms subject to Article 25 and 34 of Directive (EU) 2019/2034;
• b. investment firms referred to in Subsection 1.2, using the template for the data collection specified in Annex II.

The submission of data referred to in paragraph 18 (a) should include all high earners in Annex I, and in Annex II, only the high earners specified under (ii) of paragraph 18 (a), including in the following situations:

• a. The investment firm is subject to the remuneration provisions under Directive 2013/36/EU on a consolidated basis, following the application of the national discretion under Article 109(6) of that directive.
• b. The high earners have been mandated to perform professional activities in the cases included under Article 109(5)(a) and b) of that directive.

High-earner data should be submitted to competent authorities and then to the EBA only after firms and competent authorities have ensured the completeness and correctness of the data, in line with the technical instructions provided by the competent authorities and in accordance with the general and data-quality specifications set out in Sections 3 and 9 and the additional specifications set out in Sections 4 and 5.

Where firms do not have high earners to report, it is not necessary to submit this information, unless explicitly required by the competent authority.