Regulatory Alerts2012-11-13
Instruction No. 2012-I-05 of 13 November 2012 on the Collection of Remuneration Information
The Prudential Control Authority (ACPr) issued Instruction No. 2012-I-05 to mandate the annual electronic submission of detailed remuneration data from credit institutions and investment firms. The directive requires subject institutions to report on total and variable compensation for all staff, with specific consolidated reporting thresholds based on balance sheet size and a dedicated annex for personnel earning over EUR 1 million. Data must be submitted by year-end for transitional periods and annually by June thereafter, using standardized Excel formats and electronic signatures to ensure alignment with internal control regulations.
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