Council implementing Regulation (EU) 2015/81 with regard to ex ante contributions to the Single Resolution Fund

On 22 January 2015 the Official Journal of the European Union published the Council Implementing Regulation (EU) 2015/81 of 19 December 2014 specifying uniform conditions of application of Regulation (EU) No 806/2014 of the European Parliament and of the Council with regard to ex ante contributions to the Single Resolution Fund.

This Regulation lays down rules specifying the conditions for implementing of the obligation of the Single Resolution Board to calculate the contributions for individual institutions pursuant to Regulation (EU) No 806/2014 to the Single Resolution Fund and the methodology for the calculation of those contributions.

This Regulation applies to the institutions from which contributions are raised in accordance with Article 70 of Regulation (EU) No 806/2014.This Regulation provides information to the Board, on how to calculate the annual contributions, how to communicate to the relevant national resolution authorities.

This Regulation also addresses the call of irrevocable payment commitments and the specific adjustments in the initial period.

The Regulation entered into force on 23 January 2015.