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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

 

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.

On 7 April 2022, all institutions have been contacted via email to provide the necessary information regarding their users. On 18 May 2022, all institutions received an information letter via email with detailed instructions on how to access the ADMC Portal.

Consultation procedure on the 2022 annual contributions

As of the 2022 cycle, 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 2022 annual administrative contributions will take place between Wednesday 22 June 2022, 9:00 CET, and Wednesday 6 July 2022, 18:00 CET. The consultation will take place on the ADMC Portal.

Shortly before the start of the consultation phase, a notification will be sent to the concerned institutions via email to remind them of the upcoming consultation phase.

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 amounts raised by way of advance instalments will be deducted from the institutions’ individual annual contributions in Q3 2022.

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