Action brought on 4 July 2019 — BNP Paribas and Others v SRB

(Case T-467/19)

Language of the case: French

Parties

Applicants: BNP Paribas (Paris, France), BNP Paribas Arbitrage (Paris) and BNP Paribas Securities Services (Paris) (represented by: A. Gosset-Grainville, M. Trabucchi and M. Dalon, lawyers)

Defendant: Single Resolution Board

Form of order sought

The applicants claim that the Court should:

pursuant to Article 263 TFEU, annul Decision SRB/ES/SRF/2019/10 on the calculation of the 2019 ex-ante contributions to the Single Resolution Fund (SRF) in so far as it concerns the applicants;

pursuant to Article 277 TFEU, declare the following provisions of the Single Resolution Mechanism Regulation (‘SRM Regulation’), the Implementing Regulation and the Delegated Regulation inapplicable:

Article 69(2), Article 70(1) and Article 70(2)(a) and (b) of the SRM Regulation;

Article 4(2), Article 6, Article 7 and Article 10 of the Delegated Regulation and Annex I thereto;

Article 4 and Article 8(5) of the Implementing Regulation;

order the defendant to pay all the costs.

Pleas in law and main arguments

In support of the action, the applicants rely on four pleas in law which are, in essence, identical or similar to those relied on in Case T-466/19, Société générale and Others v SRB.

____________