A Commission Delegated Regulation on the contributions to the Single Resolution Fund has been published in the Official Journal of the European Union. The Single Resolution Mechanism and the SRF provide for the resolution of credit institutions and certain investment firms established in Member States within the Eurozone or in Member States that participate in the Banking Union. The SRF will support resolution measures for those banks and investment firms and will be financed by bank levies raised at national level. Ex ante contributions by those firms must be made to ensure that the SRF reaches a level of one percent of the protected deposits of all banks within the Banking Union within eight years. The Delegated Regulation sets out the criteria for the calculation of ex ante contributions and the circumstances and conditions under which the payment of extraordinary ex post contributions may be partially or entirely deferred. The Delegated Regulation enters into force on May 19, 2017.

View the Delegated Regulation.