1. Scope of investment firms subject to the remuneration data collection exercise

Competent authorities should collect and submit to the EBA remuneration data of at least the three largest investment firms in terms of asset volume in their Member State, ensuring where possible a coverage of at least 50% of the total asset volume of all investment firms in that Member State. This data should not include investment firms that are subsidiaries of investment firms for which data will be collected on the consolidated level.