41. Investment firms should establish a list of all staff and determine which staff should be …

Investment firms should establish a list of all staff and determine which staff should be included in the gender pay gap calculation, in line with the following criteria:

• a. The gender pay gap should be calculated for the staff that are staff at the end of the financial year, i.e. staff who have left the investment firm during the financial year are not considered in this exercise.
• b. Staff who receive less than their regular total annual remuneration because they were at the end of the financial year on any form of parental leave, long-term sick leave or long-

15 term special leave should be excluded from the exercise; long-term leave should be understood as leave of at least a consecutive time period of three months.

• c. Staff who have been recruited during the last three months of the financial year should not be taken into account in this exercise.
• d. Members of the management body in the management function should be treated as staff and identified staff.
• e. Members of the management body in the supervisory function should not be included in the calculation, unless they are employee representatives.
• f. Members of the management body in the supervisory function that are employee representatives should be taken into account in the calculation as staff and should only be taken into account in the calculation for identified staff when they are identified staff based on the function they have as a staff member.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/