Source: OJ L, 2024/1503, 30.5.2024Current language: EN
- Markets in crypto-assets
Significant ART/EMT issuer
- Fees charged by the EBA
Article 4 Payment of annual supervisory fees
Summary What does Article 4 of the Fees charged by the EBA say?
This article sets out the practical mechanics of how the annual supervisory fee, calculated under Article 2, is to be paid.
It covers the payment deadline, invoicing requirements, the consequences of late payment, and the channel through which the EBA and issuers must communicate.
Important points:
- Pay the annual supervisory fee in full to the EBA no later than 31 March of the relevant calendar year, in euro.
- The EBA is required to issue invoices at least 30 days before the payment deadline, giving issuers advance notice.
- Late payments will incur default interest, and all communications with the EBA must be conducted by electronic means.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
The annual supervisory fee shall be paid in full to the EBA not later than 31 March of the calendar year for which it is due.
The EBA shall send the invoices to issuers of significant ARTs and issuers of significant EMTs at least 30 days before the payment is due. The annual supervisory fees shall be payable in euro.
Any late payments shall incur the default interest laid down in Article 99 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council(2).
Communications between the EBA and issuers of significant ARTs or issuers of significant EMTs shall take place by electronic means.
Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.
Definition
distributed ledger
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consensus mechanism
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crypto-asset
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DLT network node
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issuer
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distributed ledger technology
Footnote 2