Article 4 - Types of fees and general payment modalities

Article 4

Types of fees and general payment modalities

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1. Credit rating agencies established in the Union that apply for registration in accordance with Article 14(1) of Regulation (EC) No 1060/2009 shall be charged the following types of fees

((a))

annual supervisory fees according to Article 5;

((b))

registration fees according to Article 6.

2. Credit rating agencies established in third countries that apply for certification in accordance with Article 5(2) of Regulation (EC) No 1060/2009 shall be charged the following types of fees:

((a))

flat annual supervisory fees according to Article 7;

((b))

certification fees according to Article 8.

3. The fees shall be payable in Euro. They shall be payable as specified in Articles 5(3), 6(6), 7(2) and 8(2). Any late payments shall incur a daily penalty equal to 0,1 % of the amount due.

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