Executive Summary:
This decision by the European Central Bank (ECB) establishes the total amount of annual supervisory fees for 2021, set at EUR 577,462,903. The fees are divided between significant supervised entities/groups (EUR 546,085,119) and less significant supervised entities/groups (EUR 31,377,783). The decision enters into force on the fifth day following its publication in the Official Journal of the European Union.
Key Points / Main Content:
* **Annual Supervisory Fees for 2021:**
* The total amount of annual supervisory fees for 2021 is EUR 577,462,903.
* Significant supervised entities and groups: EUR 546,085,119.
* Less significant supervised entities and groups: EUR 31,377,783.
* **Calculation Basis:**
* The annual supervisory fees are calculated based on the ECB's annual costs related to its supervisory tasks.
* This calculation considers expenses, uncollectible fee amounts from previous periods, interest payments, and certain received or refunded amounts.
* **Legal Basis:**
* The decision is based on the Treaty on the Functioning of the European Union and Council Regulation (EU) No 1024/2013, particularly Article 30.
* It also references ECB Regulations (EU) No 1163/2014 and No 468/2014 for definitions and calculation methods.
Impact Analysis:
* Supervised Entities (Significant and Less Significant):
* Impact: Obligation to pay the supervisory fees as determined by the ECB for the year 2021. The amount differs based on the significance of the entity or group.
* Action Required: Pay the invoiced supervisory fee amount.
* European Central Bank (ECB):
* Impact: Responsible for calculating, collecting, and managing the supervisory fees.
* Action Required: Publish the total amount of annual supervisory fees and issue fee notices to each fee debtor.
Key Entities Referenced
European Central Bank: The central bank of the Eurozone, responsible for monetary policy and, in this context, for levying supervisory fees.
Treaty on the Functioning of the European Union: A foundational treaty of the European Union, providing the legal basis for EU actions.
Council Regulation EU No 1024/2013: A Council Regulation conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions.
Regulation EU No 1163/2014: Regulation of the European Central Bank on supervisory fees (ECB/2014/41).
Regulation EU No 468/2014: Regulation of the European Central Bank establishing the framework for cooperation within the Single Supervisory Mechanism (SSM Framework Regulation) (ECB/2014/17).
Single Supervisory Mechanism: The system of banking supervision composed of the ECB and national competent authorities.
Frankfurt am Main: City in Hesse, Germany; location where the decision was made.
Christine Lagarde: The President of the European Central Bank (ECB).
L 103/14 EN Official Journal of the European Union 31.3.2022
DECISION (EU) 2022/514 OF THE EUROPEAN CENTRAL BANK
of 1 March 2022
on the total amount of annual supervisory fees for 2021 (ECB/2022/7)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EU) No 1024/2013 of 15 October 2013conferring specific tasks on the European
Central Bank concerning policies relating to the prudential supervision of credit institutions(1), and in particular
Article 30 thereof,
Whereas:
(1) In accordance with Article 12(1) of Regulation (EU) No 1163/2014 of the European Central Bank (ECB/2014/41)(2),
a fee notice is to be issued annually by the European Central Bank (ECB) to each fee debtor within 6 months after the
start of the following fee period.
(2) Under Article 5(1) and (2) of Regulation (EU) No 1163/2014 (ECB/2014/41) the annual supervisory fees to be levied
on the supervised entities are calculated on the basis of the annual costs of the ECB. The amount of the annual costs
is determined on the basis of the amount of the annual expenditure consisting of any expenses incurred by the ECB
in the relevant fee period that are directly or indirectly related to its supervisory tasks.
(3) In accordance with Article 8 of Regulation (EU) No 1163/2014 (ECB/2014/41), in order to calculate the annual
supervisory fees payable in respect of significant supervised entities and significant supervised groups, and less
significant supervised entities and less significant supervised groups, the annual costs should be split on the basis of
the costs allocated to the relevant functions that perform the direct supervision of significant supervised entities and
significant supervised groups and the indirect supervision of less significant supervised entities and less significant
groups.
(4) In accordance with Article 5(3) of Regulation (EU) No 1163/2014 (ECB/2014/41), fee amounts related to previous
fee periods that were not collectible, interest payments received in accordance with Article 14 and certain other
amounts received or refunded in accordance with Article 7(3) of that Regulation, if any, should also be taken into
account when determining the annual costs.
(5) In accordance with Article 5(4) of Regulation (EU) No 1163/2014 (ECB/2014/41), within 4 months after the end of
each fee period, the total amount of the annual supervisory fees for each category of supervised entities and
supervised groups for that fee period should be published on the ECB’s website,
HAS ADOPTED THIS DECISION:
Article 1
Definitions
For the purposes of this Decision, the definitions contained in Regulation (EU) No 468/2014 of the European Central Bank
(ECB/2014/17)(3)and Regulation (EU) No 1163/2014 (ECB/2014/41) shall apply.
(1) OJ L 287, 29.10.2013, p. 63.
(2) Regulation (EU) No 1163/2014 of the European Central Bank of 22 October 2014 on supervisory fees (ECB/2014/41) (OJ L 311,
31.10.2014, p. 23).
(3) Regulation (EU) No 468/2014 of the European Central Bank of 16 April 2014 establishing the framework for cooperation within the
Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated
authorities (SSM Framework Regulation) (ECB/2014/17) (OJ L 141, 14.5.2014, p. 1).31.3.2022 EN Official Journal of the European Union L 103/15
Article 2
Total amount of annual supervisory fees for 2021
1. The total amount of annual supervisory fees for 2021 shall be EUR 577 462 903, calculated as shown in the Annex.
2. Each category of supervised entities and supervised groups shall pay the following total amount of annual supervisory
fees:
(a) significant supervised entities and significant supervised groups: EUR 546 085 119;
(b) less significant supervised entities and less significant supervised groups: EUR 31 377 783.
Article 3
Entry into force
This Decision shall enter into force on the fifth day following that of its publication in the Official Journal of the European
Union.
Done at Frankfurt am Main, 1 March 2022.
The President of the ECB
Christine LAGARDEL 103/16 EN Official Journal of the European Union 31.3.2022
ANNEX
Calculation of the total amount of annual supervisory fees for 2021
(EUR)
Significant supervised Less significant supervised
entities and significant entities and less significant Total
supervised groups supervised groups
Actual annual costs for 2021 546 120 759 31 389 696 577 510 455
Amounts to be taken into account in
accordance with Article 5(3) of
Regulation (EU) No 1163/2014
(ECB/2014/41)
Fee amounts related to previous fee periods
that were not collectible
Interest payments received in accordance with – 35 639 – 11 913 – 47 552
Article 14 of the above Regulation
Amounts received or refunded in accordance
with Article 7(3) of the above Regulation
TOTAL 546 085 119 31 377 783 577 462 903
(Totals may not add up due to rounding.)