Regulations On The Payment Of The Fee To The Banks ' Guarantee Fund

Original Language Title: Forskrift om innbetaling av avgift til Bankenes sikringsfond

Read the untranslated law here: https://lovdata.no/dokument/SF/forskrift/1997-05-06-429

Regulations on the payment of the fee to the banks ' guarantee fund Date FOR-1997-05-06-429 Ministry Ministry of finance Published in the 1997 909 06.05.1997 Avd entry into force Last modified-2009-12-18-1726 from 21.12.2009 Change applies to Norway Pursuant LAW-1996-12-06-75-section 2-2, LAW-1996-12-06-75-section 2-4, LAW-1996-12-06-75-section 2-7, LAW-1996-12-06-75-section 2-9,-1996-12-06-1138 cf. law-2015-04-10-17-section 23-2 CF. FOR-2015-12-21-1794-§ 3 Announced short title regulations on fee to the banks ' guarantee fund legal authority: established by the finance and customs Ministry 6. May 1997 under the legal authority of the Act 6. December 1996 No. 75 about security arrangements for banks and public administration, etc. of financial institutions section 2-2 third paragraph, section 2-4, fifth paragraph, section 2-7 the fourth paragraph and section 2-9 the second paragraph, cf.. the delegation decision 6. December 1996 No. 1138. the EEA Joint referrals: the EEA Agreement annex IX Nr. 19a (Directive 94/19/EC).
Changes: modified by regulations 29 Oct 2004 Nr. 1404, 18 Dec 2009 Nr. 1726. § 1. Scope this Regulation applies to the Norwegian savings and commercial banks and other credit OBO, as well as institutions that are members of the banks ' guarantee fund. The regulations also apply to branches of credit institutions with headquarters in another State within the EUROPEAN ECONOMIC AREA that is a member of the banks ' guarantee fund, cf. Law 6. December 1996 No. 75 about security arrangements for banks and public administration etc. by financial institutions (bank guarantee law) § 2-2. In this Regulation referred to both institutions after the Act's section 2-1 and pursuant to section 2-2 as members.

§ 2. The calculation of the annual fee for the members of the banks ' guarantee fund annual fee by bank protection law § 2-7 the second paragraph should be calculated on the basis of the average of total guaranteed deposits and calculation of capital coverage by the end of the third and fourth quarter of this calendar year, two years before the payment year as well as first and second quarter in the calendar year before the payment year. By deduction or addition in the tax amount by bank protection law § 2-7 second paragraph letter a and b to core capital coverage by the end of the fourth quarter in the calendar year, two years before the payment year be added to reason. The calculation shall be made on the basis of the sizes that are reported to the financial authority and the Norwegian Bank.
Hedge Fund can impose on the members of the Fund to provide the information that is required to be able to make the calculation of the fees. The financial authority's duty of confidentiality does not preclude that the Financial audit provides information as mentioned to the Fund.

§ 3. Calculation of the Fund's overall capital requirement for the responsible at least hedge fund's overall capital charge by bank protection law § 2-6 is calculated on the basis of corresponding average sizes as mentioned in section 2.

§ 4. Special rules for branches of credit institutions with headquarters in another State within the EEA annual fee for affiliates, jf. Bank guarantee law § 2-7, third paragraph, to be calculated on the basis of an average of the branch's total guaranteed deposits at the end of the third and fourth quarter of this calendar year, two years before the payment year as well as first and second quarter in the calendar year before the payment year.
Financial audit sets out by individual decisions deduction in fee as stated in bank protection law § 2-7, third paragraph, second sentence.
§ 2 the second paragraph also applies to affiliates.

§ 5. Payment of the fee for new members new members who do not have been present before entry into the hedge fund scheme, will be for the year they enter the pay a fee that amounts to 1.5 per thousand of the primary capital by inntredelses time.
New members who have driven business before entry into the hedge fund scheme, will be for the year they enter the pay tax by bank protection law § 2-7 the second paragraph on the basis of total guaranteed deposits, the calculation basis for capital and core capital coverage on inntredelses time.
Affiliates that have deposit by a portfolio's entry, to for the year they enter the pay a fee that amounts to 1 per thousand of the total guaranteed deposits at inntredelses time.
It should be made a proportional deduction in fees as mentioned in this paragrafs the first to the third paragraph of the part of the year the new Member has been a member of the hedge fund.
The annual fee for the second year of operation, cf. Bank guarantee law § 2-7 other and third paragraph, should be calculated on the basis of the average of total guaranteed deposits, the calculation base for the capital and core capital coverage by the end of each quarter after inntredelses the time, in the first year of operation.

section 6. Deposit time Deposit to the hedge fund scheme for this Regulation shall be made at the time determined by the Fund's Board of Directors.

section 7. Entry into force this Regulation shall enter into force immediately.