17
Remuneration Benchmarking Reporting Requirement
17.1
This Chapter applies to a firm to which this Part applies, which had total assets equal to or greater than £50 billion on an unconsolidated basis on the accounting reference date immediately prior to the firm’s last complete financial year.
- 01/07/2015
17.2
A firm must submit a Remuneration Benchmarking Information Report to the PRA annually.
- 01/07/2015
17.3
The firm must provide to the PRA, by way of its Remuneration Benchmarking Information Report, the information disclosed in accordance with the criteria for disclosure established in points (g), (h) and (i) of Article 450(1) of the CRR.
[Note: Art. 75(1) of the CRD]
[Note: CRD Opens in a new window and CRR Opens in a new window]
- 01/07/2015
17.4
The firm must submit the Remuneration Benchmarking Information Report to the PRA within four months of the firm’s accounting reference date.
- 01/07/2015
17.5
A firm that is not, and does not have in its consolidation group, an undertaking responsible for consolidation must complete that report on an unconsolidated basis in respect of remuneration awarded to employees of the firm in the last completed financial year.
- 29/12/2020
17.6
An undertaking responsible for consolidation must complete that report on a consolidated basis in respect of remuneration awarded to all employees of all consolidation group entities in its consolidation group in the last completed financial year.
- 29/12/2020
17.7
The firm must ensure that the information in the Remuneration Benchmarking Information Report is denominated in euro, determined by reference to the exchange rate used by the European Commission for financial programming and the budget for December of the reported year.
[Note: EBA/GL/2014/08]
- 01/07/2015