Obligation to pay fees: RRMs
Article 4
(1) Each RRM shall pay a yearly fee calculated pursuant to Article 6. All fees shall be paid in EUR. (2) At the latest by 31 January of each year, the Agency shall send each RRM 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 RRM may mutually agree that invoices exceeding EUR 250 000 are paid in instalments. The deadline for payment of the last instalment in case of invoices exceeding EUR 250 000 and up to EUR 1 000 000 shall not be later than 30 June and the deadline for payment of the last instalment in case of invoices exceeding EUR 1 000 000 shall not be later than 30 September. (3) In case an entity applies to become a RRM, the Agency shall send the entity an invoice amounting to 50 % of the flat enrolment fee component pursuant to point (a) of Article 6(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 the delegated act adopted in accordance with Article 9a(6) of Regulation (EU) No 1227/2011 or 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 or authorisation of an entity as RRM, 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 6(1) and, unless the RRM declares that it will solely report fundamental data, the transaction records-based component pursuant to Article 7(4). (4) RRMs which cease to be authorised or registered by the Agency shall not be entitled to any reimbursement of paid fees or to the waiving of any fees due.