Regulatory Alerts2025-01-01
EBA Technical Advice on Fees for Validation of Pro Forma Models under EMIR
The European Banking Authority issued technical advice to the European Commission proposing a fee structure for financial and non-financial counterparties using pro forma models under EMIR. The EBA recommends covering all direct and indirect validation costs through a proportional fee based on the monthly average outstanding notional amount of non-centrally cleared OTC derivatives. To ensure proportionality and reduce administrative burden, the advice simplifies calculation methods for new models and establishes specific deadlines for fee collection and payment modalities.
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