BRRD: ex ante contributions to resolution financing arrangements

Article

Commission Delegated Regulation (EU) 2015/63 with regard to ex ante contributions to resolution financing arrangements

January 2015

On 17 January 2015 the Official Journal of the European Union published the Commission Delegated Regulation (EU) 2015/63 of 21 October 2014 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to ex ante contributions to resolution financing arrangements.

Member States are required to establish resolution financing arrangements for the purpose of ensuring the effective application by the resolution authority of the resolution tools and powers. Those resolution financing arrangements should have adequate financial resources to allow for an effective functioning of the resolution framework and are therefore empowered to raise ex-ante contributions from the institutions authorised in their territory.

This Regulation provides rules specifying ex-ante contributions to resolution financing arrangements.

The methodology of calculation and for the adjustment to the risk profile of institutions, of the contributions to be paid by institutions to resolution financing arrangements.

The obligations of institutions as regards the information to provide for the purposes of the calculation of the contributions and as regards the payment of the contributions to resolution financing arrangements.

The measures to ensure the verification by the resolution authorities that the contributions have been paid correctly.

The Regulation entered into force on 6 February 2015.

BRRD: ex ante contributions to resolution financing arrangements
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