Prudential Regulation Authority Rulebook

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.

17.2

A firm must submit a Remuneration Benchmarking Information Report to the PRA annually.

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 and CRR]

17.4

The firm must submit the Remuneration Benchmarking Information Report to the PRA within four months of the firm’s accounting reference date.

17.5

A firm that is not, and does not have, an EEA parent institution, an EEA parent financial holding company or an EEA parent mixed financial holding company must complete that report on an unconsolidated basis in respect of remuneration awarded to employees of the firm in the last completed financial year.

17.6

A firm that is a CRR firm 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 the last completed financial year.

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]