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In this act Article 2 of 9

Article 2 — Estimation of the annual overall costs the EBA will incur due to the validation of pro forma models

Financial servicesLevel 2Delegated RegulationEMIRIn forceOfficial source

Each year, to determine the overall amount of fees the EBA is to charge pursuant to Article 11(12a), fifth subparagraph, of Regulation (EU) No 648/2012, the EBA shall take into account the direct and indirect expenditure that it will incur that year for:

2(a)
(a)the validation of the pro forma models, including changes thereto;
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2(b)
(b)the development and maintenance of statistical and IT tools to support the validation function of pro forma models;
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2(c)
(c)the calculation, invoicing, and collection of the annual fee;
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2(d)
(d)any other activities in support of the validation function of pro forma models.
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