Decision (EU) 2015/2218 (ECB/2015/38)

In force

This text since 24 Mar 2022law://eu/dec/2015/38/art_6__para_1@2026-11-13

Contents

1.When requesting prior approval as referred to in Article 6(3) of Delegated Regulation (EU) 2021/923 in respect of a staff member who was awarded a total remuneration of EUR 1000000 or more in or for the preceding financial year, supervised credit institutions shall submit the following documentation to the ECB in order to substantiate the exceptional circumstances referred to in Article 6(4) of Delegated Regulation (EU) 2021/923:

(a)a detailed description of the exceptional circumstances linked to the professional activity of the relevant staff member and their impact on the risk profile of the supervised credit institution. A highly competitive situation shall not be considered an exceptional circumstance;

(b)a detailed description of any exceptional circumstances linked to the relevant staff member that explains why the supervised credit institution awarded the staff member remuneration of EUR 1000000 or more, even though the staff member reportedly does not have a material impact on the risk profile of the supervised credit institution.

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

Key facts

Type: Decision · (EU) 2015/2218
Adopted: 20 Nov 2015
In force: 2 Dec 2015
Text current to: 24 Mar 2022
Made by: European Central Bank
Official: EUR-Lex 32015D0038 · ELI

Topics

banking profession credit institution documentation exchange of information financial control financial legislation market supervision right of establishment staff assessment Freedom of establishment Organisational principles

History · 1 version

24 Mar 2022Reading
changed by Decision (EU) 2022/368 (ECB/2022/6)

Connections

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Amended by 1: Decision (EU) 2022/368 (ECB/2022/6)2 provisions
Cited by 1: this act2 provisions
Cites 1: Commission Delegated Regulation (EU) 2021/9232 provisions

Defined terms · 2

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identified staff
means: (a) all staff members and categories of staff of a supervised credit institution whose professional activities have a material impact on the credit institution's risk profile and who are specified in points (a) to (c) of Article 92(3) of Directive 2013/36/EU;
supervised credit institution
means a significant supervised entity as defined in Article 2(16) of Regulation (EU) No 468/2014 (ECB/2014/17) or significant supervised group as defined in Article 2(22) of Regulation (EU) No 468/2014 (ECB/2014/17);