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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 22 October 2013 - 31 December 2024
Version 2 of 3

Article 7 Annual supervisory fee for registered trade repositories

1. A registered trade repository shall be charged an annual supervisory fee.

2. The total annual supervisory fee for a given financial year (n) shall be calculated as follows:

(a) the basis for the calculation of the total annual supervisory fee for a given financial year (n) shall be the estimate of expenditure relating to the supervision of trade repositories as included in the ESMA's budget for that year, set out and approved in accordance with Article 63 of Regulation (EU) No 1095/2010;

(b) the total annual supervisory fee for a given financial year (n) shall be calculated by deducting the following from the estimate of expenditure according to point (a):

(i) the total registration fees paid by trade repositories in accordance with Article 6 in a given financial year (n) and the additional registration fees paid in a given financial year (n) by already registered trade repositories in case a material change to their registration takes place as referred to in Article 6(7)

(ii) the total recognition fees paid by third country trade repositories in accordance with Article 8 that given financial year (n);

(iii) the initial supervisory fee to be paid by trade repositories in a given financial year (n) pursuant to paragraph 4;