Article 4 Obligation to pay fees

Each registered reporting mechanism shall pay a yearly fee calculated pursuant to Article 5. All fees shall be paid in EUR.

At the latest by 31 January of each year, the Agency shall send each registered reporting mechanism an invoice for the annual fee to be paid within a deadline of four weeks. The invoice shall provide detailed information on how this fee was calculated. The Agency and a registered reporting mechanism may mutually agree that invoices exceeding EUR 250 000 are paid in instalments. The deadline for payment of the last instalment shall not be later than 30 September.

In case an entity applies to become a registered reporting mechanism, the Agency shall send the entity an invoice amounting to 50 % of the flat enrolment fee component pursuant to point (a) of Article 5(1) and only accept the application once the invoice is paid. Where the Agency rejects the application because the entity does not comply with the requirements pursuant to Article 11 of Implementing Regulation (EU) No 1348/2014, the entity is not entitled to a reimbursement of the paid fee. After registration of an entity as registered reporting mechanism, the Agency shall send the entity an invoice over the remaining fee consisting of 50 % of the flat enrolment fee component pursuant to point (a) of Article 5(1) and, unless the registered reporting mechanism declares that it will solely report fundamental data, the transaction records-based component pursuant to Article 6(4).

Registered reporting mechanisms which cease to be registered by the Agency shall not be entitled to any reimbursement of paid fees or to the waiving of any fees due. They shall pay the fee for the respective year in full, unless they had informed the Agency at the latest by 31 December of the previous year that they no longer want to be registered by the Agency.