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New version applies from 01/01/2020 — introduced by Regulation (EU) 2019/2155 of the ECB. 17 provisions change. Article 11 changes in this version: compare with the current text.

Article 11 - Cooperation with NCAs

Article 11
Cooperation with NCAs

1. The ECB shall communicate with the NCAs before deciding on the final fee level to ensure that supervision remains cost-effective and reasonable for all credit institutions and branches concerned. For this purpose, the ECB shall develop and implement an appropriate channel of communication in cooperation with the NCAs.

2. NCAs shall assist the ECB in levying fees if the ECB so requests.

3. In the case of credit institutions in a participating non-euro area Member State whose close cooperation with the ECB is neither suspended nor terminated, the ECB shall issue instructions to the NCA of that Member State regarding the collection of fee factors and invoicing of the annual supervisory fee.

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