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Recital 7

Recital 7

(7)The practical experience in the collection of contributions during the initial period, within which the resolution financing arrangements were to reach the target level, has shown that it is necessary to set out a time limit to the possibility to request restatements or revisions of information submitted to resolution authorities to ensure legal certainty and predictability. That time limit should start on the date on which the decision on the annual contribution is notified to the institution and should expire on 31 January of the year following the fourth contribution period after the contribution period in which the notification was made. For the sake of legal certainty, the time limit should not be subject to interruption.

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