Scope of consolidation of information collection

The scope for collecting data on remuneration should be the same as the scope for the application of the consolidated own funds requirements. Paragraph 3 of the EBA Guidelines sets out the scope of the exercise and data shall be collected at the highest level of consolidation as set out in the Directive 2013/36/EU (CRD) (ex Directive 2006/48/EC) . This includes credit institutions and investment firms, as well as financial institutions as defined in Article 4(26) of Regulation (EU) No 575/2013 (ex Article 4 (5) of Directive 2006/48/EC) and according to Article 18 (8) of Regulation (EU) No 575/2013 (ex Article 134 (2) of Directive 2006/48/EC) ancillary services undertakings as defined in point (18) of Article 4(1) of Regulation (EU) No 575/2013 in Article 4(18) of Regulation (EU) No 575/2013 (ex Article 4 (21) of Directive 2006/48/EC) and asset management companies as defined in point (19) of Article 4(1) of Regulation (EU) No 575/2013 as defined in Directive 2002/87/EC. This includes also undertakings the activity of which consists e.g. in leasing, factoring, management of unit trusts or management of data processing services. However, Article 19 of Regulation (EU) No 575/2013 (ex Article 73 of Directive 2006/48/EC) foresees specific conditions under which some firms may be excluded from the scope of consolidation.