Annex VI – Data quality checks

Investment firms and competent authorities should apply the following data quality checks with regard to Annex II and Annex III.

Annex II:

Row Data quality check

The number of staff reported under the management body columns should be 1 integral numbers.

The total fixed remuneration should be the sum of rows 4 to 10; where identified 3 staff are reported the amount should be > zero.

The total variable remuneration should be the sum of the rows 12, 14, 16, 18, 11 20, 22 and 24.

The total variable remuneration should not be lower than the sum of guaranteed 10 variable remuneration and severance payments in rows 31 and 33.

The sum of deferred remuneration in rows 13, 15, 17, 19, 21, 23 and 25 should - not be higher than the value in row 11.

Ratio of deferred remuneration: the sum of deferred remuneration in rows 13, 15, 17, 19, 21, 23 and 25 should be higher than or equal to 0.4 times the value in row 11 after the deduction the values in rows 31, 34 and 42 (>=0.4 x row11-31-34-42).

Investment firms should consider that this simplified validation rule is for benchmarking purposes only and is not a validation of the compliance with the remuneration requirements regarding guaranteed variable remuneration and - severance payments, i.e. while the full amounts are deducted, parts of the amounts are possibly subject to the requirement to pay out parts of the variable remuneration under deferral arrangements.

This validation rule does not apply to investment firms where all identified staff benefit from the derogation to the requirement to pay out parts of the variable remuneration under deferral arrangements under Article 32(4)(a) of Directive (EU) 2019/2034. Payout in instruments: the sum of rows 14, 16, 18, 2 and 22 should be higher than or equal to 0.5 times the value in row 11 after deducting the values in rows 31, 34 and 42 (>=0.5x(row 11-31-34-42)).

Investment firms should bear in mind that this simplified validation rule is for benchmarking purposes only and is not a validation of compliance with the remuneration requirements regarding guaranteed variable remuneration and

• - severance payments, i.e. while the full amounts are deducted, parts of the amounts are possibly subject to the requirement to pay out parts of the variable remuneration in instruments.

This validation rule does not apply to investment firms where all identified staff benefit from the derogation from the requirement to pay out parts of the variable remuneration in instruments under Article 32(4)(a) of Directive (EU) 2019/2034. Annex III:

Data quality check

The number of members of the ‘management body’ should equal the number included in row 1 of Annex II.

The sum of staff reported under ‘other senior management’ should be equal to the number reported in row 2 in Annex II for this category.

The sum of sta ff reported under ‘other identified staff’ should be equal to the number reported in row 2 in Annex II for this category.

The number of identified staff for each business area should equal the sum of the number of ‘other senior management’ and the number of ‘other identified staff’ .

The sum of the total remuneration across all business areas should be equal to the sum of the values in row 3 and row 11 in Annex II across all categories of staff.

The sum of the variable remuneration across all business areas should be equal to the sum of the values in row 11 in Annex II across all categories of staff.

The sum of the fixed remuneration across all business areas should be equal to the sum of the values in row 3 of Annex II across all categories of staff.

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/