Article 2, Paragraph 2., Point (b) · 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…

(b)an external reviewer’s annual supervisory fee for a given year (n) shall be the total annual supervisory cost determined pursuant to point (a), divided between all external reviewers except those external reviewers that are exempt pursuant to paragraph 1 in year (n), in proportion to their applicable turnover calculated in accordance with Article 3;