2022-12-19
The Bank of Slovenia issued this regulation to formally apply the European Banking Authority's guidelines on remuneration benchmarking, gender pay gaps, and approved higher ratios to its supervised banks. It mandates that banks fully incorporate these guidelines into their reporting practices while requiring the central bank to align its supervisory exercises with the specified data collection and analysis standards. The measure repeals the previous 2016 regulation on remuneration benchmarking and became applicable on 31 December 2022.
THIS TEXT IS UNOFFICIAL TRANSLATION AND MAY NOT BE USED AS A BASIS FOR SOLVING ANY DISPUTE Page 1 of 2 Official Gazette of the Republic of Slovenia, No. 155/22 of 9 December 2022 (in force since 10 December 2022) Pursuant to the third paragraph of Article 13 of the Banking Act (Official Gazette of the Republic of Slovenia, Nos. 92/21 and 123/21 [ZBNIP]; hereinafter: the ZBan-3), and the first paragraph of Article 31 of the Bank of Slovenia Act (Official Gazette of the Republic of Slovenia, Nos. 72/06 [official consolidated version], 59/11 and 55/17), the Governing Board of Bank of Slovenia hereby issues the following REGULATION on the application of the Guidelines on the benchmarking exercises on remuneration practices, the gender pay gap and approved higher ratios under Directive 2013/36/EU Article 1 (purpose and field of application of guidelines) (1) Pursuant to Article 16(1) of Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331 of 15 December 2010, p. 12; hereinafter: Regulation (EU) No 1093/2010), on 30 June 2022 the European Banking Authority published the Guidelines on the benchmarking exercises on remuneration practices, the gender pay gap and approved higher ratios under Directive 2013/36/EU (EBA/GL/2022/06; hereinafter: the guidelines) on its website. (2) The Guidelines on the benchmarking exercises on remuneration practices, the gender pay gap and approved higher ratios under Directive 2013/36/EU specify: (a) in accordance with Article 75 of Directive 2013/36/EU, the information to be provided by selected institutions to competent authorities for benchmarking remuneration trends and practices, including information disclosed in accordance with the criteria for disclosure established in points (g), (h), (i) and (k) of Article 450(1) of Regulation (EU) No 575/2013, and the information to be provided for benchmarking the gender pay gap; (b) in accordance with the sixth indent of point (ii) of Article 94(1)(g) of Directive 2013/36/EU, the common reporting format to be used for the purposes of the benchmarking of approved higher ratios between the fixed and variable components of remuneration; and (c) how competent authorities will collect from institutions the approved higher ratios, and the remuneration and gender pay gap data, and how they will then submit the benchmarking data to the EBA. (3) The guidelines are addressed to:
THIS TEXT IS UNOFFICIAL TRANSLATION AND MAY NOT BE USED AS A BASIS FOR SOLVING ANY DISPUTE Page 2 of 2