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Article 8 - Information to be communicated to the EBA

Article 8
Information to be communicated to the EBA

1. Each year, counterparties using a validated pro forma model or applying for validation of a pro forma models shall provide the EBA with all elements needed to calculate the fees referred to in Articles 4, 5, and 6, as applicable, including the information on the average notional amount referred to in Article 3 and the financial details of the counterparty that are required for the billing process.

2. For the purposes of paragraph 1, the following shall apply:

((a))

for the year of the EBA readiness date, the EBA shall collect the elements needed to:(i)calculate the fees referred to in Article 5;(ii)issue the bills no later than 31 October of that year;

((i))

calculate the fees referred to in Article 5;

((ii))

issue the bills no later than 31 October of that year;

((b))

for the years following the EBA readiness date, the counterparties referred to in paragraph 1 of this Article shall communicate to the EBA the elements needed to calculate the fees referred to in Article 4 and 5, as applicable, by 31 March;

((c))

for the fees referred to in Article 6, the EBA shall collect the information to calculate those fees and issue the corresponding bills by a suitable date taking into account the provisions of Article 7.

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