On 18 June 2014, the European Commission published a memo providing details of the Commission's forthcoming secondary legislation relating to banks' contributions to the resolution funds required by the Bank Recovery and Resolution Directive (2014/59/EU) (BRRD) and the Single Resolution Mechanism Regulation (SRM Regulation). The Commission has the power under the BRRD to adopt a delegated act on banks' contributions to the national resolution funds under BRRD and to adopt a proposal for a Council implementing act on banks' contributions to the single resolution fund (SRF) under the SRM Regulation.

In the memo, the Commission states that it is currently working on these texts and is in discussion with experts appointed by member states and the European Parliament. It intends to adopt both acts by September 2014.