Recital 9

(9)National competent authorities incur costs when carrying out work pursuant to Regulation (EU) 2017/2402, and, in particular, undertaking tasks delegated in accordance with Article 14(1) of that Regulation. The fees charged by ESMA to securitisation repositories should also cover those costs. To ensure that competent authorities do not incur a loss or profit when carrying out delegated tasks or when assisting ESMA, ESMA should reimburse only the actual costs incurred by a national competent authority in this respect,