Version in force , Inserted +1,140 −0§
Amended by Regulation (EU) 2019/2099 32019R2099 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
This new article sets out that ESMA is to charge fees to third-country CCPs, covering fees for recognition applications and annual fees tied to ESMA's tasks under the Regulation for recognised CCPs.
It further provides that these fees must be proportionate to the CCP's turnover and cover ESMA's costs, and that the Commission is to adopt a delegated act specifying the types of fees, the matters they cover, their amounts, and how they are paid by applicant CCPs and by CCPs classified as Tier 1 or Tier 2.
Cited: Art. 25d, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex
Inserted in this version 02012R0648-20200101
Article 25d Fees 1. ESMA shall charge the following fees to CCPs established in a third country in accordance with this Regulation and in accordance with the delegated act adopted pursuant to paragraph 3: (a) fees associated with applications for recognition pursuant to Article 25; (b) annual fees associated with ESMA's tasks in accordance with this Regulation in relation to the CCPs recognised in accordance with Article 25. 2. The fees referred to in paragraph 1 shall be proportionate to the turnover of the CCP concerned and shall cover all costs incurred by ESMA for the recognition and the performance of its tasks in accordance with this Regulation. 3. The Commission shall adopt a delegated act in accordance with Article 82 in order to specify further the following: (a) the types of fees; (b) the matters for which fees are due; (c) the amount of the fees; (d) the manner in which fees are to be paid by the following: (i) a CCP which applies for recognition; (ii) a recognised CCP classified as a Tier 1 CCP in accordance with Article 25(2); (iii) a recognised CCP classified as a Tier 2 CCP in accordance with Article 25(2b).