16 Currency denomination of thresholds and monetary values
16.1 The PRA proposed generally to specify thresholds and monetary values in Pound Sterling (GBP) for the measures proposed in the CP. The only exception to this proposed approach was the threshold for disclosure of the number of individuals that receive remuneration of €1 million or more per financial year, due to interdependencies with the Remuneration Part of the PRA Rulebook [CRR Article 450(1)(i) requires firms to disclose this information in payment bands of €500,000 for individuals earning between €1 million and €5 million, broken down into pay bands of €500,000, and broken down into pay bands of €1 million for remuneration of €5 million and above. The PRA's rules are in Article 450(1)(i) of the Disclosure (CRR) Part.][Chapter 18 of the Remuneration Part of the PRA Rulebook requires firms to report the same information to the PRA as this disclosure requirement. Both use the same template, which is denominated in EUR.].