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Regulation (EU) No 1163/2014 of the European Central BankShow full title

Regulation (EU) No 1163/2014 of the European Central Bank of 22 October 2014 on supervisory fees (ECB/2014/41)

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Changes over time for: Article 4

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Version Superseded: 31/12/2020

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Article 4U.K.Fee debtor

1.The fee debtor in respect of the annual supervisory fee is:

(a)the fee-paying credit institution, in the case of a fee-paying credit institution that is not part of a supervised group;

(b)the fee-paying branch, in the case of a fee-paying branch that is not combined with another fee-paying branch;

[F1(c) determined in accordance with the provisions of paragraph 2, in the case of a group of fee-paying entities.]

[F12. Without prejudice to the arrangements within a group of fee-paying entities with respect to the allocation of costs, a group of fee-paying entities shall be treated as one unit. Each group of fee-paying entities shall nominate the fee debtor for the whole group and shall notify the identity of the fee debtor to the ECB. The fee debtor shall be established in a participating Member State. Such notification shall be considered valid only if:

(a) it states the name of the group covered by the notification;

(b) it is signed by the fee debtor on behalf of all supervised entities of the group;

(c) it reaches the ECB by 30 September of each year at the latest, in order to be taken into account for the issuance of the fee notice in respect of that fee period.

If more than one notification per group of fee-paying entities reaches the ECB in time, the latest notification received by the ECB by 30 September shall prevail. If a supervised entity becomes part of the supervised group after the ECB has received a valid fee debtor notification, unless the ECB is otherwise informed in writing, that notification shall be deemed to be signed also on its behalf.]

3.Without prejudice to paragraph 2, the ECB reserves the right to determine the fee debtor.

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