Recital 8 Payment timeline

To ensure the timely payment of oversight fees, those fees should be paid within 30 days from the date of issuance of the Lead Overseer means the European Supervisory Authority appointed in accordance with Article 31(1), point (b) of this Regulation;’s debit note. To simplify the fee payment flows, and to ensure ESAsEuropean Supervisory Authority have the necessary funds to carry out their planned supervisory activities, annual oversight fees should be paid in a single instalment during the first four months of the calendar year for which such fees are due by critical ICT third-party service providers means an ICT third-party service provider designated as critical in accordance with Article 31; subject to oversight activities on 1 January of that year or, in the case of critical ICT third-party service providers means an ICT third-party service provider designated as critical in accordance with Article 31; designated throughout that year, at the latest by the end of that year.