On 17 December 2019, there was published in the Official Journal of the European Union (OJ):

  • Regulation (EU) 2019/2155 of the European Central Bank (ECB) amending the ECB Regulation on supervisory fees. The ECB has decided to no longer require advance payment of its annual supervisory fees. The fees will only be levied after the end of the relevant fee period when the actual annual costs have been determined. Additionally, the ECB has decided to reduce the supervisory fees to be paid by less significant supervised entities and less significant supervised groups with total assets of EUR1 billion or less; and
  • Decision (EU) 2019/2158 of the ECB on the methodology and procedures for the determination and collection of data regarding fee factors used to calculate annual supervisory fees. The decision recasts and replaces Regulation (EU) 2015/530 to reflect the revisions to the supervisory fees regime made by Regulation (EU) 2019/2155.

Regulation (EU) 2019/2155 enters into force on 20 December 2019. The ECB has confirmed that the revisions will apply from the 2020 fee period onwards.