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+1. Variable remuneration which can be discounted 5. Institutions can discount up to a maximum of … |
1. Variable remuneration which can be discounted 5. Institutions can discount up to a maximum of …Variable remuneration which can be discounted 5. Institutions can discount up to a maximum of 25%, or a lower percentage prescribed by the Member State, of the total variable remuneration which is calculated as the sum of all components of variable remuneration before the discount rate is applied. Only variable remuneration which is deferred for at least five years and is paid in equity or debt-instruments or instruments linked to such instruments which are eligible for the purposes of variable remuneration in accordance with point (l) of Article 94(1) of Directive 2013/36/EU should be discounted. This includes parts of the deferred variable remuneration that vest during the deferral period. Variable remuneration payable under deferral arrangements cannot vest faster than on a pro rata basis5 . 6. The amount of variable remuneration which can be discounted should be calculated on the basis of the total nominal amount of variable remuneration as set out in the EBA’s guidelines on remuneration policies and practices. 5 Article 94(1)(m) of Directive 2013/36/EU. 6 Harmonised Indices of Consumer Prices (HICPs). The rate referred to can be accessed via the following link: http://epp.eurostat.ec.europa.eu/tgm/table.do?tab=table&init=1&language=en&pcode=tec00118&plugin=1. 7 ‘Third countries’ refers to countries which are not Member States of the Union. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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