On 3 September 2021, the Prudential Regulation Authority (PRA) issued a statement on remuneration benchmarking and high earners 2020 submissions. Firms are required to submit Remuneration Benchmarking Information Reports and High Earners Reports to the PRA as set out in Chapter 17 and Chapter 18 of the Remuneration Part of the PRA Rulebook respectively.
In the statement the PRA confirms that in order to facilitate compliance with these rules, it has made available REP004 and REP005 on RegData, which is accessible via the FCA’s website.
To view the full statement on the PRA website, please click here.