The Joint Board of Appeal of the European Supervisory Authorities has ruled on the reimbursement of costs for an appeal filed by NOVIS Insurance Company against EIOPA. In its Decision of 30 July 2024, the Board ordered EIOPA to reimburse NOVIS’ costs for the appeal. The breakdown of costs submitted by NOVIS was contested by EIOPA, prompting the Board to review the matter. On 3 December 2025, the Board confirmed its competence to decide on the allocation and taxation of costs. It clarified that only costs that are objectively necessary and reasonable may be reimbursed. The Board also set a total amount of costs to be reimbursed by EIOPA.
© European Banking Authority.
Summary adapted from material on the EBA website (https://www.eba.europa.eu ).
https://www.eba.europa.eu/publications-and-media/press-releases/esas-joint-board-appeal-rules-reimbursement-costs-appeal-brought-novis-insurance-company-against
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