Firms must submit information to us annually about high earners and remuneration benchmarking.
These rules are set out in the Supervision Manual (SUP 16.17) of the Handbook.
In 2014, the European Banking Authority (EBA) published revised guidelines on the:
- data collection exercise regarding high earners
- remuneration benchmarking exercise
In Brexit: our approach to EU non-legislative materials, we explain how we expect firms to continue to apply guidelines to the extent that they remain relevant.
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.
Benchmarking Information Report
If your firm is in scope of SUP 16.17.3R you must submit a Benchmarking Information Report annually, within 4 months of your accounting reference date.