Regulatory Alerts2026-05-05
Added · Updated
Commission Delegated Regulation (EU) 2026/1000 on fees for validation of pro forma models
The European Banking Authority charges counterparties annual fees for validating pro forma models used for non-centrally cleared OTC derivatives, calculated based on full cost recovery and the counterparties' average notional amounts. Fees are determined using specific formulas that distinguish between models validated as of January 1, models already in use prior to December 24, 2024, and new models, with a fixed fee structure applied in the first year of use for new models. Counterparties must submit required information, including average notional amounts and financial details, by March 31 for subsequent years or by October 31 for the initial readiness year, and must pay invoiced amounts within 45 calendar days of registration.
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