ANNEX XXXIII
Table EU REMA - Remuneration policy
Institutions shall describe the main elements of their remuneration policies and how they implement these policies. In particular, the following elements, where relevant, shall be described:
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Qualitative disclosures |
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(a) |
Information relating to the bodies that oversee remuneration. Disclosures shall include: — Name, composition and mandate of the main body (management body or remuneration committee as applicable) overseeing the remuneration policy and the number of meetings held by that main body during the financial year. — External consultants whose advice has been sought, the body by which they were commissioned, and in which areas of the remuneration framework. — A description of the scope of the institution’s remuneration policy (eg by regions, business lines), including the extent to which it is applicable to subsidiaries and branches located in third countries. — A description of the staff or categories of staff whose professional activities have a material impact on institutions' risk profile. |
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(b) |
Information relating to the design and structure of the remuneration system for identified staff. Disclosures shall include: — An overview of the key features and objectives of remuneration policy, and information about the decision-making process used for determining the remuneration policy and the role of the relevant stakeholders. — Information on the criteria used for performance measurement and ex ante and ex post risk adjustment. — Whether the management body or the remuneration committee where established reviewed the institution’s remuneration policy during the past year, and if so, an overview of any changes that were made, the reasons for those changes and their impact on remuneration. — Information of how the institution ensures that staff in internal control functions are remunerated independently of the businesses they oversee. — Policies and criteria applied for the award of guaranteed variable remuneration and severance payments. |
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(c) |
Description of the ways in which current and future risks are taken into account in the remuneration processes. Disclosures shall include an overview of the key risks, their measurement and how these measures affect remuneration. |
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(d) |
The ratios between fixed and variable remuneration set in accordance with point (g) of Article 94(1) CRD. |
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(e) |
Description of the ways in which the institution seeks to link performance during a performance measurement period with levels of remuneration. Disclosures shall include: — An overview of main performance criteria and metrics for institution, business lines and individuals. — An overview of how amounts of individual variable remuneration are linked to institution-wide and individual performance. — Information on the criteria used to determine the balance between different types of instruments awarded including shares, equivalent ownership interest, options and other instruments. — Information of the measures the institution will implement to adjust variable remuneration in the event that performance metrics are weak, including the institution’s criteria for determining ‘weak’ performance metrics. |
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(f) |
Description of the ways in which the institution seeks to adjust remuneration to take account of longterm performance. Disclosures shall include: — An overview of the institution’s policy on deferral, payout in instrument, retention periods and vesting of variable remuneration including where it is different among staff or categories of staff. — Information of the institution’ criteria for ex post adjustments (malus during deferral and clawback after vesting, if permitted by national law). — Where applicable, shareholding requirements that may be imposed on identified staff. |
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(g) |
The description of the main parameters and rationale for any variable components scheme and any other non-cash benefit in accordance with point (f) of Article 450(1) CRR. Disclosures shall include: — Information on the specific performance indicators used to determine the variable components of remuneration and the criteria used to determine the balance between different types of instruments awarded, including shares, equivalent ownership interests, share-linked instruments, equivalent non cash-instruments, options and other instruments. |
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(h) |
Upon demand from the relevant Member State or competent authority, the total remuneration for each member of the management body or senior management. |
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(i) |
Information on whether the institution benefits from a derogation laid down in Article 94(3) CRD in accordance with point (k) of Article 450(1) CRR. — For the purposes of this point, institutions that benefit from such a derogation shall indicate whether this is on the basis of point (a) and/or point (b) of Article 94(3) CRD. They shall also indicate for which of the remuneration principles they apply the derogation(s), the number of staff members that benefit from the derogation(s) and their total remuneration, split into fixed and variable remuneration. |
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(j) |
Large institutions shall disclose the quantitative information on the remuneration of their collective management body, differentiating between executive and non-executive members in accordance with Article 450(2) CRR. |
Template EU REM1 - Remuneration awarded for the financial year
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a |
b |
c |
d |
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MB Supervisory function |
MB Management function |
Other senior management |
Other identified staff |
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1 |
Fixed remuneration |
Number of identified staff |
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2 |
Total fixed remuneration |
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3 |
Of which: cash-based |
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4 |
(Not applicable in the EU) |
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EU-4a |
Of which: shares or equivalent ownership interests |
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5 |
Of which: share-linked instruments or equivalent non-cash instruments |
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EU-5x |
Of which: other instruments |
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6 |
(Not applicable in the EU) |
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7 |
Of which: other forms |
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8 |
(Not applicable in the EU) |
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9 |
Variable remuneration |
Number of identified staff |
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10 |
Total variable remuneration |
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11 |
Of which: cash-based |
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12 |
Of which: deferred |
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EU-13a |
Of which: shares or equivalent ownership interests |
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EU-14a |
Of which: deferred |
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EU-13b |
Of which: share-linked instruments or equivalent non-cash instruments |
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EU-14b |
Of which: deferred |
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EU-14x |
Of which: other instruments |
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EU-14y |
Of which: deferred |
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15 |
Of which: other forms |
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16 |
Of which: deferred |
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17 |
Total remuneration (2 + 10) |
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Template EU REM2 - Special payments to staff whose professional activities have a material impact on institutions’ risk profile (identified staff)
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a |
b |
c |
d |
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MB Supervisory function |
MB Management function |
Other senior management |
Other identified staff |
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Guaranteed variable remuneration awards |
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1 |
Guaranteed variable remuneration awards - Number of identified staff |
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2 |
Guaranteed variable remuneration awards -Total amount |
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3 |
Of which guaranteed variable remuneration awards paid during the financial year, that are not taken into account in the bonus cap |
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Severance payments awarded in previous periods, that have been paid out during the financial year |
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4 |
Severance payments awarded in previous periods, that have been paid out during the financial year - Number of identified staff |
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5 |
Severance payments awarded in previous periods, that have been paid out during the financial year - Total amount |
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Severance payments awarded during the financial year |
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6 |
Severance payments awarded during the financial year - Number of identified staff |
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7 |
Severance payments awarded during the financial year - Total amount |
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8 |
Of which paid during the financial year |
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9 |
Of which deferred |
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10 |
Of which severance payments paid during the financial year, that are not taken into account in the bonus cap |
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11 |
Of which highest payment that has been awarded to a single person |
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Template EU REM3 - Deferred remuneration
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b |
c |
d |
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f |
EU - g |
EU - h |
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Deferred and retained remuneration |
Total amount of deferred remuneration awarded for previous performance periods |
Of which due to vest in the financial year |
Of which vesting in subsequent financial years |
Amount of performance adjustment made in the financial year to deferred remuneration that was due to vest in the financial year |
Amount of performance adjustment made in the financial year to deferred remuneration that was due to vest in future performance years |
Total amount of adjustment during the financial year due to ex post implicit adjustments (i.e.changes of value of deferred remuneration due to the changes of prices of instruments) |
Total amount of deferred remuneration awarded before the financial year actually paid out in the financial year |
Total of amount of deferred remuneration awarded for previous performance period that has vested but is subject to retention periods |
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1 |
MB Supervisory function |
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2 |
Cash-based |
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3 |
Shares or equivalent ownership interests |
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4 |
Share-linked instruments or equivalent non-cash instruments |
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5 |
Other instruments |
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6 |
Other forms |
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7 |
MB Management function |
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8 |
Cash-based |
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9 |
Shares or equivalent ownership interests |
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10 |
Share-linked instruments or equivalent non-cash instruments |
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11 |
Other instruments |
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12 |
Other forms |
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13 |
Other senior management |
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14 |
Cash-based |
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15 |
Shares or equivalent ownership interests |
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16 |
Share-linked instruments or equivalent non-cash instruments |
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17 |
Other instruments |
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18 |
Other forms |
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19 |
Other identified staff |
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20 |
Cash-based |
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21 |
Shares or equivalent ownership interests |
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22 |
Share-linked instruments or equivalent non-cash instruments |
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23 |
Other instruments |
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24 |
Other forms |
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25 |
Total amount |
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Template EU REM4 - Remuneration of 1 million EUR or more per year
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a |
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EUR |
Identified staff that are high earners as set out in Article 450(i) CRR |
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1 |
1 000 000 to below 1 500 000 |
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2 |
1 500 000 to below 2 000 000 |
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3 |
2 000 000 to below 2 500 000 |
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4 |
2 500 000 to below 3 000 000 |
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5 |
3 000 000 to below 3 500 000 |
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6 |
3 500 000 to below 4 000 000 |
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7 |
4 000 000 to below 4 500 000 |
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8 |
4 500 000 to below 5 000 000 |
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9 |
5 000 000 to below 6 000 000 |
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10 |
6 000 000 to below 7 000 000 |
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11 |
7 000 000 to below 8 000 000 |
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x |
To be extended as appropriate, if further payment bands are needed. |
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Template EU REM5 - Information on remuneration of staff whose professional activities have a material impact on institutions’ risk profile (identified staff)
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a |
b |
c |
d |
e |
f |
g |
h |
i |
j |
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Management body remuneration |
Business areas |
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MB Supervisory function |
MB Management function |
Total MB |
Investment banking |
Retail banking |
Asset management |
Corporate functions |
Independent internal control functions |
All other |
Total |
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1 |
Total number of identified staff |
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2 |
Of which: members of the MB |
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3 |
Of which: other senior management |
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4 |
Of which: other identified staff |
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5 |
Total remuneration of identified staff |
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6 |
Of which: variable remuneration |
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7 |
Of which: fixed remuneration |
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