Regulation 24 Regulation 36 (employee remuneration)

the existing wording becomes paragraph (1) of the regulation;

for sub-paragraph (b) substitute—

“(b)

collect information on the number of employees in each institution that are remunerated 1 million euros or more per financial year, in pay brackets of 1 million euros, including their job responsibilities, the business area involved and the main elements of salary, bonus, long-term award and pension contribution;”;

in sub-paragraph (c), for “Article 94(1)(g)(ii) of the capital requirements directive” substitute “applicable remuneration rules”;

omit sub-paragraph (d) and the “and” preceding it;

after paragraph (1) insert—

“(2)

In paragraph (1)(c) “applicable remuneration rules” means—

(a)

in the case of PRA-authorised persons, rule 15.10 of the Remuneration Part of the PRA’s Rulebook and rule 19D.3.49 of the FCA’s Senior management arrangements, Systems and Controls sourcebook;

(b)

in the case of FCA-authorised persons, rule 19A.3.44A of the FCA’s Senior management arrangements, Systems and Controls sourcebook.”.