Regulatory Alerts2020-12-01
Ordinance No 40 of the BNB on Determining Fees for Administrative Costs of Supervisory and Resolution Functions
The Bulgarian National Bank issues this Ordinance to establish the terms and procedures for collecting fees from financial institutions to cover administrative costs arising from its supervisory, resolution, and payment oversight functions. The regulation defines fee debtors, including banks, bank groups, and payment service providers, and mandates that annual fees be calculated based on specific cost methodologies and distributed using fixed and variable components tied to assets, risk exposures, and activity volumes. It further stipulates that the BNB Governing Council determines individual fee amounts by July 31 of the following year, with debtors required to pay within 14 days of notification.
Share