Article 2, Paragraph 2., Point (a) · Commission Delegated Regulation (EU) 2025/755

Contents

1. An external reviewer with an annual turnover generated at…
2. ESMA shall calculate the total annual supervisory cost and…
3. By way of derogation from paragraphs 1 and 2, the first-ye…
4. An external reviewer that is registered or recognised duri…

(a)the total annual supervisory cost for a given year (n) shall be the estimate of expenditures relating to the supervision of external reviewers’ activities under Regulation (EU) 2023/2631 as included in ESMA’s budget for that year;