Administrative Contributions

On 8 January 2018, a new regulation on the final system of administrative contributions came into force covering the running costs of the SRB. This regulation replaces the transitional system that had been in place since the Board started its operations in November 2014 and outlines the permanent system for financing the SRB’s running expenses.

Under the new system, all credit institutions established in the Banking Union need to contribute to the administrative expenditures of the SRB. The same holds true for all parent undertakings (incl. financial holding and mixed financial holding companies), investment firms and financial institutions that are covered by the consolidated supervision of the ECB.

In 2018, following the entry into force of the final system, the contributions of all institutions that already contributed to the Board’s administrative expenditure by way of instalments under the provisional system have been recalculated. Entities that did not contribute to the administrative expenditure of the Board under the provisional system have been requested to pay their share of the operating expenses, retrospectively for the financial years 2015, 2016 and 2017 (the months of November and December 2014 are considered part of the financial year 2015).

The differences between the instalments paid, if any, and the recalculated contributions have been partly settled by increasing or decreasing the contributions due from these entities for the 2018 financial year. Any remaining amounts from that calculation will be settled in the following years in accordance with the regulation.  

Administrative Contributions

 

For more detailed information on the administrative contributions process, you can consult the following legal acts:

 

2019 Administrative Contributions Cycle

  • Around 2.660 institutions have been notified about their 2019 contributions to the administrative expenditures of the SRB.
  • The individual Contribution Notices were issued on 21 February 2019. The deadline for payment was 28 March 2019.
 

 

2018 Administrative Contributions Cycle

  • Around 2.730 institutions were notified about their contributions to the administrative expenditures of the SRB.
  • The individual Contribution Notices were sent to all institutions on 9 March 2018. The deadline for payment was 13 April 2018.
  • The total annual administrative contributions collected in 2018 for the SRB’s administrative expenditures amounts to €91.4mn.

 

 

Contact Details:

Email address: SRB-ADMIN-CONTRIBUTIONS@srb.europa.eu 

Telephone: +32 2 490 34 44

 

 

Table

Contact the Single Resolution Board

Treurenberg 22, 1049 Brussels
Belgium

+32 (0) 2 490 30 00