Information;Order — ECLI:EU:T:2024:535
Date: 2024-08-06
Language of the case: English
Court formation: Second Chamber
Subject matter: Economic and monetary policy
Procedure: Action for annulment - successful

Action brought on 14 July 2023 – Nordea Rahoitus Suomi v SRB (Case T-414/23) Language of the case: English Parties Applicant: Nordea Rahoitus Suomi Oy (Helsinki, Finland) (represented by: H. Berger, M. Weber and D. Schoo, lawyers) Defendant: Single Resolution Board (SRB) Form of order sought The applicant claims that the Court should: annul the Decision of the SRB of 2 May 2023, document no. SRB/ES/2023/23, including Annexes I, II and III, as far as it concerns the ex-ante contribution of the applicant; order the SRB to pay the costs. Plea in law and main arguments In support of the action, the applicant relies on one plea in law, alleging that the SRB has infringed Article 70(2) of Regulation (EU) No 806/2014 1 by not applying the binding 12.5% cap to the target level when determining the 2023 annual target level. ____________ 1 Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010 (OJ 2014 L 225, p. 1).