Commission Delegated Regulation (EU) 2015/63
of 21 October 2014
supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to ex ante contributions to resolution financing arrangements (revoked)

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Regulation revoked (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), regs. 1(2), 6(a); 2020 c. 1, Sch. 5 para. 1(1)

SECTION 1 GENERAL PROVISIONS

Article 1 Subject matter
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Article 2 Scope
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Article 3 Definitions
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SECTION 2 METHODOLOGY

Article 4 Determination of the annual contributions
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Article 5 Risk adjustment of the basic annual contribution
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Article 6 Risk pillars and indicators
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Article 7 Relative weight of each risk pillar and indicator
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Article 8 Application of the risk indicators in specific cases
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Article 9 Application of the risk adjustment to the basic annual contribution
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Article 10 Annual contributions of small institutions
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Article 11 Annual contributions of institutions covered by Article 45(3) of Directive 2014/59/EU
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Article 12 New supervised institutions or change of status
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Article 13 Process for raising annual contributions
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SECTION 3 ADMINISTRATIVE ASPECTS AND PENALTIES

Article 14 Reporting obligations of institutions
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Article 15 Obligation of resolution authorities to exchange information
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Article 16 Reporting obligations of deposit guarantee schemes
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Article 17 Enforcement
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Article 18 Administrative penalties and other administrative measures
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SECTION 4 COOPERATION ARRANGEMENTS

Article 19 Cooperation arrangements
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SECTION 5 FINAL PROVISIONS

Article 20 Transitional provisions
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Article 21 Entry into force
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ANNEX I PROCEDURE FOR THE CALCULATION OF THE ANNUAL CONTRIBUTIONS OF INSTITUTIONS

STEP 1 Calculation of the Raw Indicators
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STEP 2 Discretization of the Indicators
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2. For each raw indicator resulting from Step 1, xij , except for the indicator ‘extent of previous extraordinary public financial support’, the resolution authority shall calculate the number of bins, kij , as the nearest integer to:
1+log2N+log21+gijσg
,
where:
N is the number of institutions, contributing to the resolution financing arrangement, for which the indicator is calculated;
gij=1N∑Nn=1xij,n−x–31N−1∑Nn=1xij,n−x–23∕2
;
x–=∑Nn=1xij,nN
;
σg=6N−2N+1N+3
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STEP 3 Rescaling of the Indicators
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STEP 4 Inclusion of the Assigned Sign

1. The resolution authority shall apply the following signs to the indicators:
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2. The resolution authority shall apply the following transformation to each rescaled indicator resulting from Step 3, RIij,n , in order to include its sign:

STEP 5 Calculation of the Composite Indicator

1. The resolution authority shall aggregate the indicators i within each pillar j through a weighted arithmetic average by applying the following formula:
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2. In order to compute the composite indicator, the resolution authority shall aggregate the pillars j through a weighted geometric average by applying the following formula:
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3. The resolution authority shall apply the following transformation in order for the final composite indicator to be defined as taking higher values for institutions with higher risk profiles:
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STEP 6 Calculation of the Annual Contributions

1. The resolution authority shall rescale the final composite indicator resulting from Step 5, FCIn , over the range defined in Article 9 by applying the following formula:
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where the arguments of the minimum and the maximum functions shall be the values of all institutions, contributing to the resolution financing arrangement, for which the final composite indicator is calculated.

2. The resolution authority shall compute the annual contribution of each institution n, except in respect of institutions which are subject to Article 10 and except for the lump-sum portion of the contributions of institutions to which Member States apply Article 20(5), as:
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ANNEX II DATA TO BE SUBMITTED TO THE RESOLUTION AUTHORITIES
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Regulation revoked (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), regs. 1(2), 6(a); 2020 c. 1, Sch. 5 para. 1(1)