As of 1 January 2016, financial intermediaries falling within the scope of the Single Resolution Mechanism (SRM) are required to contribute to the Single Resolution Fund (SRF) through annual ex-ante contributions set according to a payment plan spread over an eight-year initial period (from 2016 to 2023).
After the initial period, the Single Resolution Board (SRB) will verify, on an annual basis, whether the available financial means in the SRF have fallen below the target level (equal to at least 1 per cent of the covered deposits held by the credit institutions falling within the scope of the SRM) and, following this evaluation, will assess whether contributions to the SRF have to be calculated and collected.
As the findings of this evaluation are not currently known, the SRB has to take the same preparatory steps that had already been implemented during the transitional period, to ensure that, if necessary, it will be in a position to calculate and collect the 2027 contributions, in compliance with the applicable legal framework.
To this end, the data collection exercise for the 2027 contribution cycle has been started.
In this respect, Italian financial intermediaries falling within the scope of the SRF are required to send the data for the 2027 contribution cycle to Banca d'Italia from 9 November 2026 to 11 January 2027, in accordance with the instructions received from the latter.
Further information on the 2027 SRF contribution cycle is available on the website of the SRB.
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