On December 11, 2014, the Delegated Regulation on the provisional system of installments on contributions to cover the administrative expenditures of the Single Resolution Board was published in the Official Journal of the European Union. The contributions are payable by entities notified to do so and considered to be “significant” by the European Central Bank. The Delegated Regulation excludes significant entities that are subsidiaries of groups already considered for these purposes, and this provisional system of installments does not aim in any way to determine the future set-up of the final system of contributions. The Delegated Regulation entered into force on December 11, 2014.

The Regulation is available at:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2014_354_R_0001&from=EN.