After the initial build-up period for the Fund provided for in Regulation (EU) No 806/2014, its available financial means might face slight decreases below its target level, in particular resulting from an increase in covered deposits. The amount of the ex ante contributions likely to be called in those circumstances is thus likely to be small. It is therefore possible that, in some years, the amount of such ex ante contributions would no longer be commensurate with the cost of the collection of those contributions. The Board should therefore be able to defer the collection of the ex ante contributions for up to three years until the amount to be collected reaches an amount that is proportionate to the cost of the collection process, provided that such deferral does not materially affect the capacity of the Board to use the Fund.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
