1.The applicable turnover of a recognised third-country benchmark administrator for a given year n(n) shall be its revenues accruedgenerated in year (n–2) in relation to the use of its benchmarks by supervised entities in the Union asof statedits insignificant benchmarks, Paris-aligned Benchmarks, Climate Transition Benchmarks, or commodity benchmarks that are subject to Annex II to Regulation (EU) 2016/1011, irrespective of whether those revenues are accrued to that recognised third-country benchmark administrator or any other entity belonging to the auditedsame accountsgroup ofas yearthat n-2.administrator.
2.The applicable turnover of an administrator endorsing third-country benchmarks for a given year (n) shall be its revenues generated in year (n–2) in relation to the use by supervised entities in the Union of the critical benchmarks, significant benchmarks, Paris-aligned Benchmarks, Climate Transition Benchmarks, or commodity benchmarks that are subject to Annex II to Regulation (EU) 2016/1011 it provides or endorses, irrespective of whether those revenues are accrued to that administrator endorsing third-country benchmarks or any other entity belonging to the same group as that administrator.
3.2. A recognised third-country benchmark administrator providing at least one significant benchmark shall provide ESMA, on an annual basis, with audited figures confirming its revenuesapplicable accruedturnover as referred to in relationparagraph to1. Where the useapplicable ofturnover itsis benchmarksnot stated in audited annual accounts, the Union.figures The figuressubmitted shall be certifiedaudited byseparately. anThose external audit andfigures shall be submitted to ESMA by electronic means by 30 September each year (n-1).(n–1), Astarting third-countryin administratorthe thatsecond is recognisedyear after 30 September shall provide the figures immediately upon recognition and by end of the calendar year of recognition. A recognised third-country benchmark administrator shall provide the documents containing auditedrevenue figures in a language customary to financial services.
4.An administrator endorsing third-country benchmarks and that provides or endorses at least one significant benchmark shall provide ESMA, on an annual basis, with figures confirming its applicable turnover as referred to in paragraph 2. Where the applicable turnover is not stated in audited annual accounts, the figures submitted shall be audited separately. Those figures shall be submitted to ESMA by electronic means by 30 September each year (n-1), starting in the second year after the year of endorsement. An administrator endorsing third-country benchmarks shall provide the documents containing revenue figures in a language customary to financial services.
5.3. Where the recognised third-country benchmark administrator did not operate during the full year (n–2), ESMA shall estimate the applicable turnover by extrapolating, for the recognised third-country benchmark administrator, the value calculated for the number of months during which the recognised third-country benchmark administrator operated in year (n–2) to the whole year (n–2).
6.Where the administrator endorsing third-country benchmarks did not operate during the full year (n–2), ESMA shall estimate the applicable turnover by extrapolating, for that administrator endorsing third-country benchmarks, the value calculated for the number of months during which that administrator endorsing third-country benchmarks operated in year (n–2) to the whole year (n–2).
7.4. Where no audited accountsfigures for year (n–2) are available, ESMA shall use the audited accountsfigures of year (n–1).
8.5. WhereESMA theshall convert revenues reported are expressed in a currency other than the euro, ESMA shall convert those revenueseuro into euro using the average euro foreign exchange rate applicable to the period during which those revenues were recorded. For that purpose, ESMA shall use the euro foreign exchange reference rate published by the European Central Bank.