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1 to 5 The number of staff reported should be integer numbers. 4 The number in row 4 should be equal to the sum of row 1 to 3 4a, 4b, 4c The sum of the value in rows 4a, 4b and 4c should equal the number in row 4 5 The number in row 5 should be lower or equal to the number in row 4 6 The total fixed remuneration should be the sum of the rows 7 to 11 12 The total variable remuneration should be the sum of rows 13, 15, 17, 19, 21 in Annex I; and for Annex II, the sum of rows 13, 15, 17, 19, 20a, 20c, 21 12 The total variable remuneration should not be lower than the sum rows 24, 26, 28 and 29 12 The sum of deferred remuneration in rows 14, 16, 18, 20, 22 of Annex I and for Annex II in rows 14, 16, 18, 20, 20b, 20d, 22 should not be higher than the value in row 12 - - Correctness of the selected payment band: For each business area, the sum of the fixed remuneration (row 6) and the variable remuneration (row 12) divided by the number of high earners (row 4) should result in a value that is within the selected payment band.
- - Ratio of deferred remuneration: The sum of deferred remuneration in rows 14, 16, 18, 20, 22 of Annex I; and for Annex II, in rows 14, 16, 18, 20, 20 b, 20 d, 22 after the deduction of the values in rows 24, 26, 31 and 32 should be higher than or equal to 0.4 times the value in row 12 after the deduction of the value in row 32.
Institutions and investment firms should consider that this simplified validation rule if for benchmarking purposes only and is not a validation of compliance with the remuneration requirements on 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 institutions and investment firms where all high earners benefit from the derogation to the requirement to pay out parts of the variable remuneration under deferral arrangements under Article 94(3)(a) of Directive 2013/36/EU or Article 32(4)(a) of Directive (EU) 2019/2034. - - Payout in instruments: The sum of rows 15, 17 and 19 of Annex I and 15, 17, 19, 20a and 20c of Annex II after deducting the values in rows 24, 26, 31 and 32 should be higher than or equal to 0.5 times the value in row 12 after the deduction of the values in rows 31 and 32.
Institutions and investment firms should consider that this simplified validation rule is for benchmarking purposes only and is not a validation of compliance with the remuneration requirements on 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 institutions and investment firms where all high earners benefit from the derogation the requirement to pay out parts of the variable remuneration in instruments under Article 94(3)(a) of Directive 2013/36/EU or Article 32(4)(a) of Directive (EU) 2019/2034. Ratio between variable and fixed remuneration in institutions: For identified staff in institutions (Annex I) the variable remuneration in row 12 after the deduction of the values in rows 24, 26a and 32 divided by the fixed remuneration in row 6 after the deduction of the value in row 33 should be, as applicable, at or below 100% or 200%. This validation rule does not apply to the business area ‘All high earners in subsidiaries that are subject to Articles 25 and 34 Directive (EU) 2019/2034 ’. For In each row of Annex II, the sum of the numbers should equal the respective institutions number in column ‘ All high earners in investment firms that are subject to Articles submitting 25 and 34 Directive (EU) 2019/2034 ’ . consolidated data
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