Fee payment in 2015

According to Resolution No. 22/2014. (XII. 1.) of the Board of Directors of the Resolution Fund, due to the ongoing EU harmonization, until the adoption of the concept of the risk-based annual fee payment obligation for 2015, credit institutions and investment firms authorized in Hungary shall be required to make a quarterly advance payment in 2015, equal to one-quarter of their annual fee payment obligation for 2014 (i.e., their fee payment obligation for the fractional year of 2014), until the 15th day of each quarter, with a retrospective settlement following the adoption of the fee policy and fee payment rules in accordance with the final regulation of the European Commission.