(8)In view of ESMA’s annual budgetary procedure and the time needed to estimate supervisory costs, it will not be possible to take securitisation repositories registered on or after 1 October of a given financial year into account for the purposes of calculating the total annual supervisory cost for the following year. Therefore, the annual supervisory fee for a securitisation repository registered on or after 1 October of the preceding year should be equal to its registration fee.