Although the SRB is an independent EU agency, it is not publicly funded. Instead, banks operating across the Banking Union must pay an annual levy towards the running costs of the SRB.
The determination and raising of Administrative Contributions is based on the Commission Delegated Regulation (EU) 2017/2361 of 14 September 2017 on the final system of contributions to the administrative expenditures of the Single Resolution Board, which came into force on 8 January 2018 and was amended by Commission Delegated Regulation (EU) 2021/517 of 11 February 2021. Some changes have been introduced from the 2022 administrative contributions cycle onwards. The SRB will calculate and raise individual annual contributions in Q3. Additionally, the SRB can raise advance instalments in order to pre-finance its expenditures of the financial year until the annual individual contributions are raised in Q3.
All credit institutions established in the Banking Union must contribute to the administrative expenditures of the SRB. The same holds true for all parent undertakings (including financial holding and mixed financial holding companies), investment firms and financial institutions that are covered by the consolidated supervision of the ECB.
For more detailed information on the administrative contributions process, you can consult the following legal act:
The Single Resolution Board announces the start of the 2024 administrative contributions cycle.
In line with the 2023 cycle, individual annual contributions will be calculated and raised in Q3/Q4. In order to pre-finance its expenditures for the part of the financial year preceding the point at which the 2024 annual individual contributions are raised, the Board will raise advance instalments on the individual annual contributions in Q1 (only from the institutions under the SRB’s direct remit.
Consultation procedure on the 2024 advance instalments
A structured consultation with the institutions takes place as part of the decision-making process before the adoption of both the decision on the advance instalments (Q1) and the decision on the individual annual contributions (Q3).
The consultation on the 2024 advance instalments will take place in the second half of January 2024 on the ADMC Portal.
Shortly before the start of the consultation phase, a notification will be sent to the concerned institutions (institutions under the SRB’s direct remit) via email to remind them of the upcoming consultation phase.
The Administrative Contributions (ADMC) Portal
The SRB has developed the ADMC Portal to improve the communication with institutions regarding the contributions to the administrative expenditures of the Board.