Article 3 Adjustment of fees

This is a brief but important principled article that establishes the overarching fee-setting objective underpinning the regulation.

It directly complements Articles 1 and 2, which detail how costs are estimated and fees are calculated, by anchoring those calculations to a clear financial principle: fees must achieve full cost recovery without generating either a shortfall or a significant excess of funds.

Important points:

• Fees charged to issuers of significant ARTs and significant EMTs must be set to cover the full cost of supervision.
• Ensure your fee contributions neither create a deficit nor lead to a significant accumulation of surplus for the EBA.
• This full cost recovery principle applies specifically to the supervisory services provided to issuers of significant ARTs and significant EMTs.