Article 4
Applicable turnover
1. DRSPs shall keep audited accounts for the purposes of this Regulation which distinguish between at least the following:
|
(a) |
revenues generated from ARM services; |
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(b) |
revenues generated from APA services; |
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(c) |
revenues generated from ancillary services to ARM activities; |
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(d) |
revenues generated from ancillary services to APA activities. |
2. The applicable turnover of a DRSP for a given year (n) shall be the sum of:
|
(a) |
its revenues generated from the core functions of the provision of ARM or APA services on the basis of the audited accounts of the year (n-2), or, if they are not yet available of the year previous to that (n-3) and |
|
(b) |
its applicable revenues from ancillary services on the basis of audited accounts of the year (n-2), or, if they are not yet available of the year previous to that (n-3), divided by the sum of: |
|
(c) |
the total revenues of all authorised ARMs or APAs generated from core functions of provision of ARM or APA services on the basis of the audited account during the year (n-2), or, if they are not yet available of the year previous to that (n-3) and |
|
(d) |
the total applicable revenues from ancillary services of all ARMs or APAs on the basis of audited accounts during the year (n-2), or, if they are not yet available of the year previous to that (n-3). |
3. Where the data reporting services provider did not operate during the full year (n-2), its applicable turnover shall be estimated according to the formula set out in paragraph 2 by extrapolating for the data reporting services provider the values calculated for the number of months during which the data reporting services provider operated in year (n-2) to the whole year (n-2).
4. DRSPs shall provide ESMA, on an annual basis, with audited accounts as referred to in paragraph 1. The documents shall be submitted to ESMA by electronic means no later than 30 September each year (n-1). If a DRSP authorised after 30 September, it shall provide the figures immediately upon authorisation and by end of the year of authorisation.