Updated 18/09/2024
In force

Version from: 26/03/2021
Amendments (6)
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Article 8 - Contribution notice, communications, payments and interest for late payment

Article 8

Contribution notice, communications, payments and interest for late payment

1.  
A contribution notice shall be issued by the Board to the contribution debtors.
2.  

The Board shall notify the contribution notice through any of the following means:

(a) 

electronically or by other comparable means of communication;

(b) 

by fax;

(c) 

by express courier service;

(d) 

by registered mail with a form for acknowledgement of receipt;

(e) 

by service or delivery by hand.

The contribution notice shall be valid without signature.

3.  
The contribution notice shall specify the amount of the individual annual contribution, or the advance instalment referred to in Article 4a, and the way in which the annual contribution or advance instalment shall be paid. The contribution notice shall be duly reasoned with regard to the factual and legal aspects of the individual contribution decision or advance instalment decision.
4.  
The Board shall address any other communication with regard to the individual annual contribution, including any settlement decision taken in accordance with Article 10(8), and, where applicable, with regard to the advance instalment, to the contribution debtor.
5.  
The individual annual contribution or advance instalment shall be payable in euros.
6.  
The contribution debtor shall pay the amount of the individual annual contribution or advance instalment within 35 calendar days of the issuance of the contribution notice. The contribution debtor shall comply with the requirements set out in the contribution notice with respect to the payment of the individual annual contribution or advance instalment. The date of payment shall be the date on which the Board’s account is credited.
7.  
The individual annual contribution and, where applicable, the advance instalment, due by the entities referred to in Article 2 of Regulation (EU) No 806/2014 that are members of the same group shall be collected from the contribution debtor of that group.
8.  
Without prejudice to any other remedy available to the Board, in the event of partial payment, non-payment or non-compliance with the conditions for payment specified in the contribution notice, interest shall accrue on a daily basis on the outstanding amount of the individual annual contribution and, where applicable, of the advance instalment, at an interest rate of the ECB’s main refinancing rate plus 8 percentage points from the date on which the payment was due.
9.  
In the event of any partial payment, non-payment or non-compliance with the conditions for payment specified in the contribution notice by the contribution debtor, the Board shall inform the national resolution authority of the participating Member State in which the contribution debtor is established.