62022TJ0641_INF
Judgment of the General Court (Eighth Chamber, Extended Composition) of 6 November 2024 – Portigon v SRB (2017 ex ante contributions)
(Case T‑641/22)
(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 2017 ex ante contributions – Obligation to state reasons)
1.
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 44, 45)
2.
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; Council Regulation 2015/81, Art. 4; Commission Regulation 2015/63, Arts 4 to 7 and 9 and Annex I; European Parliament and Council Directive 2014/59)
(see paragraphs 47, 48)
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 of Hypo Vorarlberg Bank AG and Portigon AG, in so far as it concerns Portigon AG;
2.
Maintains the effects of Decision SRB/ES/2022/41 in so far as it concerns Portigon until the entry into force, within a reasonable period which cannot exceed six months from the date of delivery of the present judgment, of a new decision of the SRB fixing that institution’s ex ante contribution to the Single Resolution Fund for the 2017 contribution period;
3.
Orders the SRB, in addition to bearing its own costs, to pay those incurred by Portigon;
4.
Declares that the European Parliament and the Council of the European Union are to bear their own costs.