S.L. 330.21 ст. 4Annual supervisory fee. 3

(1) An authorised person shall, subject to the provisions of sub-regulation (4), pay the following annual supervisory fee:

(a) the fee established in the Second Schedule for the first one hundred thousand euro (€100,000) in net revenue or INSTRUMENTS AND FINANCIAL CONTRACTS OR TO MEASURE THE PERFORMANCE OF INVESTMENT

FUNDS) (FEES) REGULATIONS part thereof; and

(b) where applicable, the fee established in the Second Schedule for every additional one hundred thousand euro (€100,000) in net revenue or part thereof.

(2) A registered person shall, subject to the provisions of sub-regulation (4), pay the following annual supervisory fee:

(a) the fee established in the Second Schedule for the first one hundred thousand euro (€100,000) in net revenue or part thereof; and

(b) where applicable, the fee established in the Second Schedule for every additional one hundred thousand euro (€100,000) in net revenue or part thereof.

(3) Notwithstanding the provisions of sub-regulations (1) and (2), the first annual supervisory fee due to the Authority by a person as referred to in any of the said sub-regulations shall be the aggregate of the following:

(a) the minimum annual supervisory fee established in the Second Schedule, as applicable, prorated according to the period remaining between the date when such person is granted authorisation or registration by the Authority under Article 34 of the Benchmarks Regulation and the end of the calendar year in which such authorisation or registration was granted; and

(b) the minimum annual supervisory fee established in the Second Schedule, as applicable, prorated according to the period between the start of the following calendar year and the date when the next supervisory fee is due in accordance with sub-regulation (4).

(4) The first annual supervisory fee due in accordance with sub-regulation (3) shall be paid to the Authority on the date when a person is granted authorisation or registration by the Authority in accordance with Article 34 of the Benchmarks Regulation, and every annual supervisory fee following the first annual supervisory fee which is due by such person in accordance with sub-regulation (1) or (2), as applicable, shall be paid to the Authority one (1) month from the date of submission of the annual audited financial statements as established by law.