+Guidelines on the data collection exercise regarding high earners (EBA/GL/2022/08)
---+Compliance and reporting obligations
------+Status of these guidelines
---------+1. This document contains guidelines issued pursuant to Article 16 of Regulation (EU) No 1093/2010 …
---------+2. Guidelines set the EBA view of appropriate supervisory practices within the European System of …
------+Reporting requirements
---------+3. According to Article 16(3) of Regulation (EU) No 1093/2010, competent authorities must notify …
---------+4. Notifications will be published on the EBA website, in line with Article 16(3).
---+Subject matter, scope and definitions
------+Subject matter
---------+1. These Guidelines specify, in accordance with Article 75(3) of Directive 2013/36/EU of the …
------+Scope of application
---------+2. These Guidelines apply in relation to the information that competent authorities should collect …
---------+3. When Article 13 of Regulation (EU) 575/2013 of the European Parliament and of the Council of 26 …
---------+4. When Article 13 of Regulation (EU) 575/2013 and Article 7 of Regulation (EU) 2019/2033 do not …
------+Addressees
---------+5. These Guidelines are addressed to competent authorities as referred to in Article 4(2), points …
------+Definitions
---------+6. Unless otherwise specified, terms used and defined in Directive 2013/36/EU and Regulation (EU) …
---------+7. In addition, for the purposes of these Guidelines, the following definitions should apply: means …
---+Implementation
------+Date of application
---------+8. The Guidelines apply from 31 December 2022 for the data to be collected in 2023 for the …
------+Transitional arrangements
---------+9. High-earners data for the financial year ending in 2022 should be submitted by firms to …
------+Repeal
---------+10. The EBA Guidelines on the data collection exercise regarding high earners (EBA/GL/2014/07) from …
---------+11. References in other EBA Guidelines to the Guidelines repealed by paragraph 10 shall be …
---+Guidelines on the data collection exercises regarding high earners under Directive 2013/36/EU and under Directive (EU) 2019/2034
------+1. Scope of application of the data collection exercises
------+1.1 Scope of institutions that are subject to the high-earner data collection under Directive 2013/36/EU
---------+12. When applying the guidelines at the consolidated level in accordance with paragraph 3, the EU …
---------+13. Individual institutions, including investment firms having regard to Article 1(2) of Regulation …
---------+14. Competent authorities should ensure that branches of third-country institutions established in …
------+1.2 Scope of investment firms that are subject to the high-earner data collection under Directive (EU) 2019/2034
---------+15. When applying the guidelines at the consolidated level in accordance with paragraph 3, the EU …
---------+16. An individual investment firm that is not within the scope of consolidation in accordance with …
---------+17. Competent authorities should ensure that branches of third-country investment firms established …
------+2. Procedural specifications for firms
---------+18. High-earners data should be submitted (see also Annex IV) to the competent authority each year …
---------+19. The submission of data referred to in paragraph 18 (a) should include all high earners in Annex …
---------+20. High-earner data should be submitted to competent authorities and then to the EBA only after …
---------+21. Where firms do not have high earners to report, it is not necessary to submit this information …
------+3. General specifications regarding the high-earner data collections
---------+22. Firms should submit data on high earners for each Member State in which high earners are …
---------+23. Firms should submit the required information using financial year-end figures denominated in …
---------+24. All staff that received EUR 1 million or more for the financial year should be reported, even …
---------+25. Where high-earners data are reported by firms which disclose financial figures in a currency …
---------+26. The number of high earners should be reported as the number of natural persons (headcount) …
---------+27. The number of individuals in the row ‘number of individuals in control functions ’ should …
---------+28. High earners should be classified under the Member State, function or business area and …
---------+29. Information on the remuneration of high earners and the specific elements of variable …
---------+30. High earners who carry out professional activities both within and outside the EU should be …
---------+31. The allocation of the remuneration to the fixed and variable part of remuneration should be …
---------+32. Non-monetary items of remuneration should be reported with their monetary equivalent (e.g. the …
---------+33. Severance payments, guaranteed variable remuneration and discretionary pension benefits should …
---------+34. For the data-collection exercise for high ear ners, high earners should be reported as …
------+4. Additional specifications regarding the high-earner data collection with Annex I
---------+35. For allocating high earners to functions or business areas in Annex I, firms should consider …
------+5. Additional specifications regarding the high-earner data collection with Annex II
---------+36. For allocating staff to functions or business areas in Annex II, firms should consider the …
------+6. Collection of data by competent authorities
---------+37. Competent authorities should collect the required data annually on high earners as specified in …
------+7. Aggregation of data by competent authorities
---------+38. Competent authorities should aggregate the data collected within their Member State from firms …
---------+39. High-earner data should also be aggregated per payment bracket in accordance with Article 75(3) …
---------+40. Before aggregating data, competent authorities should check if only firms included in the scope …
---------+41. Where there is more than one competent authority, e.g. one responsible for the prudential …
------+8. Submission of data by competent authorities to the EBA
---------+42. Competent authorities should submit the high-earners data aggregated in accordance with the …
---------+43. If competent authorities determine that they do not have to report any data on high earners …
------+9. Data quality
---------+44. Firms and competent authorities should have appropriate processes and controls in place to …
---------+45. Firms and competent authorities should check the completeness and plausibility of the …
---------+46. Firms and competent authorities should ensure that the sum of sub-positions of the variable and …
---------+47. In accordance with the applicable minimum requirements under Directive (EU) 2013/36/EU and …
---------+48. For institutions the ratio between the variable and fixed remuneration for high earners that …
---------+49. When checking the completeness of high-earners data, competent authorities should take into …
---------+50. Competent authorities should make plausibility checks to confirm that firms that have to …
---------+51. Where competent authorities are aware of developments that materially increased or reduced the …
---------+52. For data submitted that show potential data-quality issues, the EBA may ask competent …
---------+53. Competent authorities should provide corrected data or explanations to any implausible data as …
---------+54. When submitting high-earners data to the EBA in accordance with these guidelines, competent …
------+ANNEX I – Information on the remuneration of high earners under Directive 2013/36/EU
---------+to ITS Business area Supervisory Management banking banking management functions control high earners earners in
---------+to ITS respectively)
------+ANNEX II – Information on the remuneration of high earners under Directive (EU) 2019/2034
---------+3 Number of other staff
---------+Row year N of all high earners
------+ANNEX III – Data-quality checks
---------+Row Data-quality check
------+ANNEX IV – Overview on data submissions for high earners
 English - European Union - Financial Industry -

Guidelines on the data collection exercise regarding high earners (EBA/GL/2022/08)

Guidelines on the data collection exercise regarding high earners (EBA/GL/2022/08)

https://www.eba.europa.eu/activities/single-rulebook/regulatory-activities/remuneration/guidelines-data-collection-exercise-regarding-high-earners – PDF

1. Overview

,
Compliance and reporting obligations

Compliance and reporting obligations
Subject matter, scope and definitions

Subject matter, scope and definitions
Implementation

Implementation
Guidelines on the data collection exercises regarding high earners under Directive 2013/36/EU and under Directive (EU) 2019/2034

Guidelines on the data collection exercises regarding high earners under Directive 2013/36/EU and under Directive (EU) 2019/2034

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

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