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:
2023 administrative contributions cycle
The Single Resolution Board (“SRB”) announces the start of the 2023 administrative contributions cycle.
In line with the 2022 cycle, individual annual contributions will be calculated and raised in Q3. In order to pre-finance its expenditures for the part of the financial year preceding the point at which the 2023 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).
2023 individual annual contributions
The 2023 individual annual contributions will be calculated and raised in Q3. Institutions will be contacted in the course of May with more detailed information on the process.
2023 advance instalments on administrative contributions
- Institutions were consulted on the preliminary determinations of the advance instalments between 9 January and 20 January 2023. A total of 9 institutions submitted comments;
- The individual Contribution Notices were issued on 15 February 2023. The deadline for payment is 22 March 2023;
- 112 entities and groups have been notified about their 2023 advance instalments;
- The total amount of 2023 advance instalments to be raised is equal to EUR 60 million;
2022 administrative contributions cycle
2022 individual annual contributions
- Institutions were consulted on the preliminary determinations of the 2022 individual annual contributions between 22 June and 7 July 2022;
- The individual Contribution Notices were issued on 2 September 2022. The deadline for payment is 7 October 2022;
- 2,237 entities and groups have been notified about their 2022 individual annual contributions;
- The total amount of annual contributions to be raised for financial year 2022 is equal to EUR 75 million;
- The amounts raised by way of advance instalments have been deducted from the concerned institutions’ individual annual contributions.
More information
- Reader guide: Annex A - Overview of calculation results
- 2022 Frequently Asked Questions (FAQs)
- The data privacy statement of the data collected for the 2022 process
2022 advance instalments on administrative contributions
- Institutions were consulted on the preliminary determinations of the advance instalments between 10 January and 23 January 2022. A total of 10 institutions submitted comments;
- The individual Contribution Notices were issued on 16 February 2022. The deadline for payment was 23 March 2022;
- 120 entities and groups have been notified about their 2022 advance instalments;
- The total amount of 2022 advance instalments to be raised is equal to EUR 30,000,000;
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.
As of the 2022 annual cycle, institutions will be requested to use the ADMC Portal to:
- Verify/update their contact details;
- Provide any comments they may have during the consultation;
- Retrieve all documents related to the administrative contributions.
2021 administrative contributions cycle
- Around 2.316 institutions have been notified about their 2021 contributions to the administrative expenditures of the SRB.
- The individual Contribution Notices were issued on 6 May 2021. The deadline for payment is 10 June 2021.
More information:
2020 administrative contributions cycle
- Around 2.370 institutions have been notified about their 2020 contributions to the administrative expenditures of the SRB.
- The individual Contribution Notices were issued on 20 February 2020. The deadline for payment is 26 March 2020.
More information:
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.
More information:
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.
More information:
Documents
2019-06-28 2019 Contributions to the Administrative Expenditure of the SRB - Frequently Asked Questions (FAQ)
Necessary data for the estimation of administrative contributions
2017-11-21 6th Industry Dialogue: Update on the Delegated Regulation on administrative contributions