2.Each time a new application for recognition of a third country trade repository is made, ESMA shall recalculate the amount referred to in Article 8(1)(b).
ESMA shall reimburse equally among the trade repositories already recognised from the same third country the difference between the amount charged pursuant to Article 8(1)(b) and the amount resulting from the recalculation. That difference shall be reimbursed either through direct payment or through reduction of the fees charged the subsequent year.
1.The recognition fees referred to in Article 8(1) shall be payable in fulldue at the time the trade repository applies for recognition.recognition Theyunder Article 77(1) of Regulation (EU) No 648/2012 and shall not be reimbursed.paid in full within 30 calendar days from the date of issuance of ESMA’s invoice.
ESMA shall not reimburse the recognition fee.
2.3. The annual supervisory fee for a recognised trade repository for a given year (n) shall be duepaid by the end of Februarythe eachthird financialmonth year.of the calendar year for which such fee is due. ESMA shall send a paymentthe invoice specifying the amount of the annual supervisory fee to athe recognised trade repository at least 30 calendar days before thatthe payment date.