Contents
- 1. Each counterparty that applies for the validation of a pro…
- 2. Where the six-month validation period specified in Article…
- 3. The EBA may decide not to charge the fee referred to in pa…
- 4. Where a counterparty uses several pro forma models, the fe…
- 5. By way of derogation from paragraph 1 of this Article, the…
2.Where the six-month validation period specified in Article 11(12a), second subparagraph, of Regulation (EU) No 648/2012 ends in the year following the year in which the first application for initial validation of the new pro forma model was received (‘following year’), the EBA may choose to continue applying the formula set out in paragraph 1 for the calculation of the fees for that following year.Where the EBA exercises the option in the first subparagraph, it shall use the number of counterparties using, or that have applied for validation to use, the pro forma model by 31 July of the following year as ‘Total number of counterparties’ in the formula laid down in paragraph 1.
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