Regulatory Alerts2023-10-23
Instruction No. 2023-I-18 of October 23, 2023, repealing and replacing Instruction 2022-I-21 on the collection of information on high remuneration for entities subject to Regulation (EU) 575/2013 and Regulation (EU) 2019/2033
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2023-I-18 to mandate the annual collection of high remuneration data from credit institutions and investment firms subject to EU regulations 575/2013 and 2019/2033. The instruction requires entities to submit detailed breakdowns of total remuneration for staff earning over 1 million euros, categorized by function, gender, and remuneration components, using standardized XBRL formats. This directive supersedes the previous 2022 instruction and establishes specific reporting scopes, conversion rates, and submission deadlines to ensure consistent supervisory oversight across the European Economic Area.
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