Under the Capital Requirements Directive (CRD) IV, we are required to collect information about high earners and remuneration benchmarking. These requirements were implemented in the UK by the Capital Requirements (Amended) Regulations 2012.
These rules are set out in the Supervision Manual (SUP 16.7) of the Handbook.
The EBA has also published revised guidelines on the:
- data collection exercise regarding high earners
- remuneration benchmarking exercise
High Earners Report
This report requires your firm to submit, on an aggregated anonymised basis, information on the remuneration of all its employees with total remuneration of €1 million or more.
If your firm is in scope of SUP 16.17.4R you must submit a High Earners Report annually, within 4 months of your accounting reference date.
The High Earners Report can be submitted via REP005 in Gabriel.
Benchmarking Information Report
If your firm is in scope of SUP 16.17.3R you must submit a Benchmarking Information Report annually, again within 4 months of your accounting reference date.
The Remuneration Benchmarking report can be submitted via REP004 in Gabriel.