Article 5 Calculation of the individual annual fees
United Kingdom
The annual fee that a registered reporting mechanism has to pay shall be the sum of the following components:
a flat enrolment fee component of EUR 9 000;
a transaction records-based fee component calculated pursuant to Article 6, unless a registered reporting mechanism is solely reporting fundamental data;
where applicable, a positive or negative correction amount to balance differences between the transaction records-based fee component paid in the previous year and the transaction records-based fee component that would have been paid according to the actual reporting in that year.
The correction amount referred to in point (c) of the first subparagraph is calculated by subtracting the transaction records-based fee component calculated in the previous year from the transaction records-based fee component calculated in the current year.
In case of a registered reporting mechanism which was newly registered in the previous year, the correction amount pursuant to point (c) of the first subparagraph is calculated by subtracting the amount pursuant to Article 6(4) from the transaction records-based fee component calculated in the current year pursuant to Article 6(5) after dividing the latter by 365 and multiplying it with the number of calendar days between the registration date and the end of the previous year.
A negative correction amount referred to in point (c) of the first subparagraph shall not be higher than the transaction records-based fee component calculated for the current year.
In case the sum of the individual fees calculated for each registered reporting mechanism pursuant to paragraph 1 would exceed the amount to be covered by fees pursuant to Article 3(2), the individual fee that each registered reporting mechanism will have to pay is decreased by multiplying it with a reduction factor calculated as follows:
