{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-10-20","gaps":[],"covered":["2026/1000 — Delegated act — Fees charged for the validation of pro forma models [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-20","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/emir/level-2/delegated-acts/2026-1000-fees-charged-for-the-validation-of-pro-forma-models/articles/4","url":"https://www.headlesslaw.com/emir/level-2/delegated-acts/2026-1000-fees-charged-for-the-validation-of-pro-forma-models/articles/4","title":"Article 4 — Annual validation 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Delegated Regulation (EU) 2026/1000 · binding · OJ L, 2026/1000, 17.8.2026 · dated 5 May 2026 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"delegated_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2026-05-05","published_on":"2026-08-17","entry_into_force":"2026-09-06","locators":{"document_date":"CELLAR 32026R1000 work_date_document","published_on":"CELLAR 32026R1000 official-journal-act_date_publication","entry_into_force":"CELLAR 32026R1000 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/emir/level-2/delegated-acts/2026-1000-fees-charged-for-the-validation-of-pro-forma-models","path":"/emir/level-2/delegated-acts/2026-1000-fees-charged-for-the-validation-of-pro-forma-models","name":"Commission Delegated Regulation (EU) 2026/1000","number":"2026/1000","celex":"32026R1000","title_official":"COMMISSION DELEGATED REGULATION (EU) 2026/1000 of 5 May 2026 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council by specifying the method for the determination of fees charged by the European Banking Authority for the validation of the pro forma models referred to in [Article 11(3)](../../articles/11.md), fourth subparagraph, of that Regulation, and specifying the modalities of the payment of those fees (Text with EEA relevance)","document_date":"2026-05-05"},"position":{"kind":"article","key":"4","index":4,"articles":9,"annexes":0},"prev":{"path":"/emir/level-2/delegated-acts/2026-1000-fees-charged-for-the-validation-of-pro-forma-models/articles/3","key":"3","title":"Article 3 — Average Notional Amount"},"next":{"path":"/emir/level-2/delegated-acts/2026-1000-fees-charged-for-the-validation-of-pro-forma-models/articles/5","key":"5","title":"Article 5 — Annual fee for the validation of a pro forma model already in use prior to 24 December 2024"},"act_anchor":"#art-4"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_del/2026/1000/oj/eng","check":{"result":"matched","checked_at":"2026-10-20","against":"EUR-Lex"},"repo_path":"spaces/emir/level-2/delegated-acts/2026-1000-fees-charged-for-the-validation-of-pro-forma-models.md","unit_text_sha256":"f045804985a008980554edee28dca7c19e37a138fe18238353d1631bad76f516","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/emir/level-2/delegated-acts/2026-1000-fees-charged-for-the-validation-of-pro-forma-models/art-4","kind":"article","key":"4","heading":"Article 4 — Annual validation fees","text":"## <a id=\"art-4\"></a>Article 4 — Annual validation fees\n\n1. <a id=\"art-4-p-1\"></a>For each pro forma model that is validated as of 1 January of a year and that a counterparty uses or applies for validation in accordance with [Article 11(3)](../../articles/11.md), fourth subparagraph, of Regulation (EU) No 648/2012 in that year, the counterparty shall pay to the EBA a fee of:\n\n    ![Formula printed as an image in the official text — Article 4(1)](../../.gitbook/assets/emir-l2-32026R1000-image-3.jpg)\n\n    where:\n\n    **—** n = the index denoting the counterparty using, or applying for validation to use, as applicable, pro forma model p;\n\n    **—** y = the index denoting the reference year;\n\n    **—** p = the index denoting the pro forma model validated by the EBA as of 1 January of year y;\n\n    **—** EBA costs y = the amount estimated in accordance with Article 2 for the year y for pro forma models validated by the EBA as of 1 January of that year;\n\n    **—** Number of models y = the number of pro forma models validated by the EBA as of 1 January of year y, floored at 1;\n\n    **—** Average Notional Amount n,p the amount calculated by counterparty n, for the pro forma model p, in accordance with Article 3;\n\n    —![Formula printed as an image in the official text — Article 4(1)](../../.gitbook/assets/emir-l2-32026R1000-image-4.jpg).\n\n2. <a id=\"art-4-p-2\"></a>Pro forma models that despite being validated are subject to the fee referred to in Article 6 shall not be considered in the calculation set out in paragraph 1.\n\n3. <a id=\"art-4-p-3\"></a>By way of derogation from paragraph 1, a counterparty that becomes subject to the requirement to apply for validation of a pro forma model after 31 March of a given year shall not pay any fee for that year for that pro forma model.\n\n","marks":[{"kind":"subscript","start":820,"end":821},{"kind":"subscript","start":989,"end":990},{"kind":"subscript","start":1121,"end":1124}],"text_hash":"f045804985a008980554edee28dca7c19e37a138fe18238353d1631bad76f516","revision":1}}