76. Where the competent authority in cooperation with the designated authority allows the DGS to …
Where the competent authority in cooperation with the designated authority allows the DGS to apply a stock-based contribution method instead of the flow-based contribution method, the DGS should apply the following calculation formula instead of the one described in paragraph 14: 𝐶 𝑖 = 𝐶𝑅 𝑠𝑡𝑜𝑐𝑘−𝑏𝑎𝑠𝑒𝑑 ∗𝐴𝑅𝑊 𝑖 ∗𝐶𝐷 𝑖 ∗µ−∑𝑛𝑒𝑡 𝐶 𝑖 𝑜𝑓 𝑝𝑟𝑒𝑣𝑖𝑜𝑢𝑠 𝑝𝑒𝑟𝑖𝑜𝑑𝑠 Where: | 𝐶𝑅 𝑠𝑡𝑜𝑐𝑘−𝑏𝑎𝑠𝑒𝑑 | = Stock-based contribution rate (identical for all member institutions in a given period) |
∑𝑛𝑒𝑡 𝐶 𝑖 𝑜𝑓 𝑝𝑟𝑒𝑣𝑖𝑜𝑢𝑠 𝑝𝑒𝑟𝑖𝑜𝑑𝑠 = The sum of contributions of member institution | ‘i’ for previous periods net of any adjustments. |
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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