Circular 3/2008, dated May 22, on the calculation and control of minimum capital base requirements, lays down in its rule 117 bis that entities must disclose to the public and update periodically (at least once a year) the following information on its remuneration policy and practice, including salaries and discretionary pension benefits, for the following: directors and other senior officers; employees who are risk takers or are responsible for control functions; and any other employees whose total remuneration takes them into the same remuneration bracket as directors, senior officers and risk takers, and whose professional activities have a material impact on the institution’s risk profile (hereinafter, “the Identified Staff”).
