Question ID:
2013_3
Legal Act:
Directive 2013/36/EU (CRD)
Topic:
Remuneration
Article:
75
Paragraph:
1
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:
Not applicable
Article/Paragraph:
N/A
Disclose name of institution / entity:
No
Type of submitter:
Competent authority
Subject Matter:
Frequency of reporting, submission dates, reference year for information collection
Question:

This Q&A deals with the reference year of the information collection foreseen by Article 75 (1) of Directive 2013/36/EU specified by paragraph 5.53 of the EBA Guidelines on the Remuneration Benchmarking Exercise (EBA/GL/2014/08 of 16 July 2014) (EBA/GL/2012/4 of 27 July 2012). How should “accounting year end numbers” be interpreted in the context of bonuses (as variable remuneration) paid during the year of submission of the information for performance during the preceding year?

Background on the question:

Not given

Date of submission:
03/07/2013
Published as Final Q&A:
EBA Answer:

In most cases the financial year is the same as the calendar year. Only figures already booked/accounted within the financial year which isreported will be included (see also paragraph 5.53 of the EBA Guidelines). If the financial year ends e.g. in June, the figures as of June 2010 and 2011 should be reported by the NCSA to EBA beginning of 2013 and the figures for June 2012 should be reported by the institution to the NCSA by end of June 2013.

 

Status:
Final Q&A
Answer prepared by:
Answer prepared by the EBA.
Note to Q&A:

Update 26.03.2021: This Q&A has been updated in the light of the changes introduced to Directive 2013/36/EU (CRD).

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