Decision (EU) 2024/461 of the European Central Bank of 29 January 2024 on the reporting by national competent authorities to the European Central Bank of information on remuneration, gender pay gap, approved higher ratios and high earners for the purposes of benchmarking (ECB/2024/2)
In forceLast amended 2025-03-06
Data as of 2026-11-02 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
Subject matter and scope
This Decision lays down the requirements concerning the submission to the European Central Bank (ECB) of information reported to the national competent authorities (NCAs) by supervised entities for the purposes of benchmarking remuneration trends and practices, the gender pay gap, approved higher ratios, high earners and diversity practices at the level of the management body.
Definitions
For the purposes of this Decision, the definitions in Regulation (EU) No 468/2014 (ECB/2014/17) apply.
Requirements for the submission of information on remuneration
1. NCAs shall submit to the ECB each year the information on remuneration specified in paragraph 20, points (a) to (d), of EBA Guidelines EBA/GL/2022/06 and reported by the following supervised entities established in their respective participating Member State: (a) significant supervised entities at the highest level of consolidation in the participating Member States, on a consolidated basis; (b) significant supervised entities that are not part of a supervised group, on an individual basis; (c) supervised entities that are not referred to in points (a) or (b) and from which NCAs collect such information in compliance with EBA Guidelines EBA/GL/2022/06; (d) significant supervised entities that are not referred to in points (a), (b) or (c), and from which NCAs collect such information. 2. NCAs shall submit to the ECB every three years the information on the gender pay gap specified in Annex IV to EBA Guidelines EBA/GL/2022/06 and reported by the following supervised entities established in their respective participating Member State: (a) supervised entities from which NCAs collect such information in compliance with EBA Guidelines EBA/GL/2022/06; (b) significant supervised entities that are not referred to in point (a) at the highest level of consolidation in the participating Member States, on an individual basis; (c) significant supervised entities that are not part of a supervised group and that are not referred to in point (a), on an individual basis; (d) significant supervised entities that are not referred to in points (a), (b) or (c), and from which NCAs collect such information. For the purposes of point (b), where the significant supervised entity at the highest level of consolidation in the participating Member States is a financial or a mixed financial holding company and no supervised entities within the same supervised group fall under point (a), NCAs shall submit to the ECB the information specified in this paragraph on a credit institution within that supervised group with the highest number of full-time employees (FTEs), on an individual basis. 3. NCAs shall submit to the ECB every two years the information on approved higher ratios specified in Annex V to EBA Guidelines EBA/GL/2022/06 and reported by significant supervised entities on an individual basis. 4. NCAs shall submit to the ECB every two years the information on approved higher ratios as specified in Annex VI to EBA Guidelines EBA/GL/2022/06, aggregated at the level of their respective participating Member State.
Requirements for the submission of information on high earners
1. NCAs shall submit to the ECB each year the information on high earners specified in Annex I to EBA Guidelines EBA/GL/2022/08 and reported by the following supervised entities established in their respective participating Member State: (a) significant supervised entities at the highest level of consolidation in the participating Member States, on a consolidated basis; (b) significant supervised entities that are not part of a supervised group, on an individual basis; (c) significant supervised entities that are not referred to in points (a) or (b), and from which NCAs collect such information. 2. NCAs shall submit to the ECB each year the information on high earners specified in Annex I to EBA Guidelines EBA/GL/2022/08, aggregated at the level of their respective participating Member State.
Requirements for the submission of information on diversity practices
NCAs shall submit to the ECB every three years the information on diversity practices at the level of the management body, including diversity policies and the gender pay gap at the level of the management body, specified in Annexes I to XI of EBA Guidelines EBA/GL/2023/08 and reported on an individual basis by the supervised entities established in their respective participating Member State in accordance with the EBA Decision concerning supervisory reporting for diversity benchmarking to the EBA and amendment of the Annex to EUCLID Decision (EBA/DC/2020/335) (EBA/DC/516) ( 1 ). If an NCA collects information on diversity practices from supervised entities that are not part of a sample of reporting entities in line with the criteria specified in EBA Decision EBA/DC/516, such information shall not be submitted to the ECB.
Remittance dates
1. NCAs shall submit to the ECB the information referred to in Article 3, paragraphs 1 to 3, and Article 4, paragraph 1, in accordance with the following: (a) for significant supervised entities, NCAs shall, upon receipt of the data in accordance with the 15 June remittance date and after performing the initial data checks referred to in Article 8, submit to the ECB that information without undue delay; (b) for less significant supervised entities, NCAs shall submit that information to the ECB at the latest by 12:00 Central European Time (CET) on 31 July. 2. NCAs shall submit to the ECB the information referred to in Article 3, paragraph 4, at the latest by 12:00 CET on 31 August. 3. NCAs shall submit to the ECB the information referred to in Article 4, paragraph 2, at the latest by 12:00 CET on 31 July. 4. NCAs shall submit to the ECB the information referred to in Article 4a in accordance with the following: (a) for significant supervised entities, NCAs shall, upon receipt of the data in accordance with the 30 April remittance date and after performing the initial data checks referred to in Article 8, submit to the ECB that information without undue delay; (b) for less significant supervised entities, NCAs shall submit that information to the ECB at the latest by 12:00 Central European Time (CET) on 15 June.
Data quality
1. NCAs shall: (a) monitor and assess the quality and reliability of the information made available to the ECB pursuant to this Decision; (b) apply the relevant validation rules developed, maintained and published by the EBA; (c) apply the additional data quality checks defined by the ECB in cooperation with the NCAs. 2. NCAs shall perform their quality assessment of data submitted to them in accordance with the following: (a) for the following supervised entities, by the 10th working day following the receipt of the data in accordance with the 15 June remittance date: (i) significant supervised entities reporting at the highest level of consolidation in the participating Member States; (ii) significant supervised entities that are not part of a supervised group; (iii) supervised entities that are classified as significant in accordance with the three most significant supervised entities criterion in their Member State on a consolidated basis, or on an individual basis if they are not required to report on a consolidated basis. 3. Further to compliance with the validation rules and data quality checks referred to in paragraph 1, the information shall be submitted in accordance with the following additional minimum standards for accuracy: (a) NCAs shall provide information, where applicable, on the developments implied by the information submitted; (b) the information shall be complete, existing gaps shall be acknowledged and explained to the ECB and, if applicable, those gaps shall be filled without undue delay.
Qualitative information
1. NCAs shall submit to the ECB without undue delay the corresponding explanations where the data quality for a given table in the taxonomy cannot be warranted. 2. NCAs shall communicate the following to the ECB: (a) reasons for any resubmissions by significant supervised entities; (b) reasons for any significant revisions submitted by significant supervised entities. For the purposes of point (b), ‘significant revision’ means any revision of one or more data points, both in terms of absolute figures reported and percentage of variations, which significantly impacts the prudential or financial analysis made using these data points at entity level.
Transmission format
1. NCAs shall submit the information specified in this Decision in accordance with the relevant Data Point Model and eXtensible Business Reporting Language (XBRL) taxonomy developed, maintained and published by the EBA. 2. In accordance with Article 140(3) of Regulation (EU) No 468/2014 (ECB/2014/17), NCAs shall perform initial data checks to ensure that the submissions constitute a valid XBRL report in accordance with paragraph 1. 3. The supervised entities shall be identified in the corresponding transmission by the use of the Legal Entity Identifier. 4. NCAs shall submit information aggregated at the level of the respective participating Member State using the relevant country identifier.
Taking effect
This Decision shall take effect on the day of its notification to the addressees.
Addressees
This Decision is addressed to the national competent authorities of the participating Member States.
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.