Information;Judgment — ECLI:EU:T:2024:587
Date: 2024-09-04
Language of the case: German
Court formation: Eighth Chamber, Extended Composition
Subject matter: Economic and monetary policy
Procedure: Action for annulment - successful
Origin: Austria

Judgment of the General Court (Eighth Chamber, Extended Composition) of 4 September 2024 – Hypo Vorarlberg Bank v SRB (2017 ex ante contributions) (Case T-599/22) (1) ( Economic and monetary union – Banking union – Single Resolution Mechanism for credit institutions and certain investment firms (SRM) – Single Resolution Fund (SRF) – Decision of the SRB on the calculation of the ex ante contributions for the 2017 contribution period – Determination of the annual target level of the SRF – Obligation to state reasons – Article 291(2) TFEU – Article 70(7) of Regulation (EU) No 806/2014 – Implementing Regulation (EU) 2015/81 – Implementing powers conferred on the Council – Duly justified specific cases – Scope of the implementing powers – Limitation of the temporal effects of the judgment ) 1. Acts of the institutions – Regulations – Basic regulations and implementing regulations – Conferral on the Council of an implementing power provided for in the basic regulation – No justification in that regulation – Unlawfulness (Arts 291(2) and 296 TFEU; European Parliament and Council Regulation No 806/2014, Art. 70(7); Council Regulation 2015/81) (see paragraphs 28, 29, 33, 44) 2. Economic and monetary policy – Economic policy – Single Resolution Mechanism for credit institutions and certain investment firms – Ex ante contributions to the Single Resolution Fund (SRF) – Implementing power conferred on the Council – Method of calculation of those contributions provided for in a Council implementing regulation – Alteration by the implementing regulation of the method of calculation provided for in the basic regulation – Exceeding the limits of a power – Unlawfulness (European Parliament and Council Regulation No 806/2014, Art. 70(1) and (2), second subpara., and (7) and Art. 77; Council Regulation 2015/81, Art. 8(1); European Parliament and Council Directive 2014/59, Art. 103) (see paragraphs 62, 66, 67, 70, 71, 77, 78, 80, 81, 83, 85) 3. Acts of the institutions – Statement of reasons – Obligation – Scope – Explanations regarding the reasons for the measure provided by the author during the proceedings before the EU judicature – Conditions – There must be no contradictions and the explanations must be consistent with those reasons (Art. 296, second para., TFEU) (see paragraphs 113, 114) 4. Acts of the institutions – Statement of reasons – Obligation – Scope – Decision of the Single Resolution Board (SRB) establishing the ex ante contributions to the Single Resolution Fund (SRF) – Obligation for the SRB to disclose to the institutions concerned the methodology for calculating those contributions and the methodology for setting the amount of the annual target level (Art. 296, second para., TFEU; European Parliament and Council Regulation No 806/2014, Art. 6(1); Council Regulation No 2015/81, Art. 4; Commission Regulation 2015/63, Art. 4) (see paragraphs 116, 117) Operative part The Court: 1. Annuls Decision SRB/ES/2022/41 of the Single Resolution Board (SRB) of 25 July 2022 on the calculation of the 2017 ex ante contributions to the Single Resolution Fund (SRF) of Hypo Vorarlberg Bank AG and Portigon AG, in so far as it concerns Hypo Vorarlberg Bank; 2. Maintains the effects of Decision SRB/ES/2022/41, in so far as it concerns Hypo Vorarlberg Bank, until the measures necessary to implement the present judgment are taken, which must occur within a reasonable period that cannot exceed 12 months from the day on which the present judgment becomes final; 3. Orders the SRB to bear its own costs and pay those incurred by Hypo Vorarlberg Bank; 4. Orders the European Parliament and the Council of the European Union to bear their own costs. 1 OJ C 424, 7.11.2022.