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Administrative Contributions

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.

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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:

2022 administrative contributions cycle

The Single Resolution Board (“SRB”) announces the start of the 2022 administrative contributions cycle.

Following the entry into force of Commission Delegated Regulation (EU) 2021/517, some changes will be introduced from the 2022 administrative contributions cycle onwards:

  • Before, individual annual contributions were calculated and raised in Q1. As of the 2022 cycle, the SRB will calculate and raise individual annual contributions in Q3.
  • In order to pre-finance its expenditures for the part of the financial year preceding the point at which the 2022 annual individual contributions are raised, the Board will raise advance instalments on the individual annual contributions in Q1. The advance instalments will be raised only from the institutions under the SRB’s direct remit and will be deducted from those institutions’ individual annual contributions in Q3.

More information

 

Consultation procedure on the 2022 advance instalments on administrative contributions

The SRB is launching a consultation in relation to the determination of the advance instalments on 2022 contributions to the administrative expenditures of the SRB (i.e., administrative contributions), prior to the adoption of such decision. The SRB considers that the consultation will allow it to better structure its dialogue with the institutions in scope and facilitate the decision-making process. In particular, the institutions will be given the opportunity to provide comments on any aspects of the determination of the 2022 advance instalments that they consider pertinent.

The aim of the consultation is:

  • to better structure the ad hoc, bilateral and institution-specific dialogue that the SRB currently has with in-scope institutions;
  • to set a clear timeframe and channel requests/considerations;
  • to further enhance the transparency and robustness of the ex-ante contributions calculation.

This consultation process will take place between Monday 10 January 2022, 09:00 CET, and Sunday 23 January 2022, 18:00 CET. Any comments received by the SRB in this timeframe will be carefully assessed.

Only the entities and groups from which advance instalments are due, i.e., those referred to in Article 4(1), point (a) of Commission Delegated Regulation (EU) 2017/2361, can provide their views on the determination of the 2022 advance instalments. These institutions have already been notified of this process in a dedicated letter sent at the beginning of December and in an additional notification sent via email shortly before the start of the consultation. If your institution is in scope of the raising of advance instalments and wishes to provide the SRB with its comments, please log in to the online platform via the following link and use the password as indicated in the letter transmitted at the beginning of December to your institution:

https://ec.europa.eu/eusurvey/runner/2022Consultation_Advance_Instalments

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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