In this act Article 7 of 9
Article 7 — Payment of annual validation fees
Financial servicesLevel 2Delegated RegulationEMIRIn forceOfficial source
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.
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.
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.
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.