Notification obligations for large securities institutions

(1) A large securities institution must notify the Bundesanstalt and the Deutsche Bundesbank without delay of: 1. the intention to fill a key function, stating the facts material to assessing the reliability and professional qualifications of the person concerned, the filling of a key function, and the departure of a holder of a key function; 2. the proposal for a resolution under section 25a(5), sixth sentence of the Banking Act, together with that proposal; 3. the resolution approving higher variable remuneration under section 25a(5), fifth sentence of the Banking Act, together with an extract from the minutes of the meeting, including particulars of all approved maximum values exceeding the ratio under section 25a(5), second sentence of the Banking Act; and 4. an extract from the minutes of the meeting concerning the resolution amending a resolution approving higher variable remuneration under section 25a(5), fifth sentence of the Banking Act, including particulars of all approved maximum values exceeding the ratio under section 25a(5), second sentence of the Banking Act.
(2) A large securities institution must notify the Bundesanstalt and the Deutsche Bundesbank annually of: 1. its significant holdings in other undertakings; 2. the information necessary for a comparison of remuneration trends and practices within the meaning of Article 75(1) and (2) of Directive 2013/36/EU as in force on 27 November 2024; the comparison also covers remuneration trends and practices with regard to members of the management or supervisory body; the requirements of the Notifications Regulation concerning notifications under section 24(1a), no. 5 of the Banking Act apply correspondingly; and 3. information on managers, members of the management or supervisory body, and staff, each with total annual remuneration of at least EUR 1 million, within the meaning of Article 75(3) of Directive 2013/36/EU as in force on 27 November 2024, necessary for aggregated publication by the European Banking Authority; the requirements of the Notifications Regulation concerning notifications under section 24(1a), no. 6 of the Banking Act apply correspondingly. (3) A large securities institution that has adopted a resolution approving higher variable remuneration under section 25a(5), fifth sentence of the Banking Act must notify the Bundesanstalt and the Deutsche Bundesbank every two years of the information necessary for the purposes of Article 94(1), letter g), second subparagraph, fifth indent of Directive 2013/36/EU as in force on 27 November 2024. The requirements of the Notifications Regulation concerning notifications under section 24(1c) of the Banking Act apply correspondingly.
(4) A large securities institution must notify the Bundesanstalt and the Deutsche Bundesbank every three years of: 1. the information on the gender pay gap necessary for the purposes of Article 75(1) of Directive 2013/36/EU as in force on 27 November 2024; the requirements of the Notifications Regulation concerning notifications under section 24(1d) of the Banking Act apply correspondingly; and 2. the information necessary for a comparison of diversity at institutions under Article 91(9) in conjunction with Article 75(1) of Directive 2013/36/EU as in force on 27 November 2024; the requirements of the Notifications Regulation concerning notifications under section 24(1e) of the Banking Act apply correspondingly.