On 20 November, the ECJ published a press release on the Advocate General's opinion on the UK's ECJ challenge in respect of certain remuneration provisions in CRD IV. The UK's argument consists of a number of parts, namely that the definition of 'material risk taker' is too broad and brings too many of its staff members into the definition, disclosure of the number of staff who earn over €1 million breaches privacy laws and the bonus cap provision is too wide. The opinion itself is not yet available, however the press release states that the Advocate General has opined that the UK challenge should be rejected. The ultimate ECJ judgment is expected to be released in early 2015.