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In this act Article 7 of 9

Article 7 — Payment of annual validation fees

Financial servicesLevel 2Delegated RegulationEMIRIn forceOfficial source

7(1)

1.Counterparties that are subject to the obligation to have their pro forma models validated for a given year shall be invoiced by the EBA for the fees referred to in Articles 4, 5 and 6, as applicable, during that calendar year.

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7(2)

2.The payment deadline shall be 45 calendar days from the registration of the amount receivable in the EBA’s accounts. The fees shall be payable in euro.

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7(3)

3.Any late payments shall incur the default interest laid down in Article 99 of Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council.

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7(4)

4.Communications between the EBA and counterparties referred to in paragraph 1 of this Article shall take place via the central database established by ESMA pursuant to Article 17c of Regulation (EU) No 648/2012 or by any other electronic means where that central database is not available.

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