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 5.5
3 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?
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 5.5
3 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 NC SA to EBA beginning of 2013 and the figures for June 2012 should be reported by the institution to the NC SA by end of June 2013.
Update 26.03.2021: This Q&A has been updated in the light of the changes introduced to Directive 2013/36/EU (CRD).