Article 5 Payment of the oversight fees

Critical ICT third-party service providers means an ICT third-party service provider designated as critical in accordance with Article 31; shall pay the oversight fees referred to in Article 43 of Regulation (EU) 2022/2554 to the Lead Overseer means the European Supervisory Authority appointed in accordance with Article 31(1), point (b) of this Regulation; on an annual basis.

All oversight fees shall be invoiced and paid in euro. Debit notes for oversight fees shall set payment terms of at least 30 days.

All oversight fees shall be paid based on a single instalment basis. Critical ICT third-party service providers means an ICT third-party service provider designated as critical in accordance with Article 31; which will be subject to oversight activities on 1 January of a given year shall pay the debit note by 30 April of that year. Critical ICT third-party service providers means an ICT third-party service provider designated as critical in accordance with Article 31; designated throughout the year shall pay the fees referred to in Article 4 in a single instalment by 31 December of that year.

Any late payment shall incur the default interest laid down in Article 99 of Regulation (EU, Euratom) 2018/1046.