The first instalment shall be due on 28 February of that year and shall amount to two thirds of the estimated annual supervisory fee. If the applicable turnover calculated pursuant to Article 3 is not yet available at that time, the calculation on the turnover shall be based on the last applicable turnover available pursuant to Article 3.
The second instalment shall be due on 31 August. The amount of the second instalment shall be the annual supervisory fee calculated according to Article 7 reduced by the amount of the first instalment.
1.The annual supervisory fee referred to in Article 7 for a given financialyear year(n) shall be paid in twoa instalments.single instalment, which shall be due by the end of March of the year to which it relates.
ESMA shall not reimburse the annual supervisory fee.
2.ESMA shall send the invoicesinvoice forspecifying the instalmentsamount of the annual supervisory fee to the trade repositories at least 30 calendar days before the respective payment date.