Article 5
Calculation of the individual annual contributions
1.
The Board shall calculate the individual annual contributions due for each financial year on the basis of the data received in accordance with Article 6 and the total amount of annual contributions as determined in accordance with Article 3.
2.
For the purposes of calculating the individual annual contributions, the Board shall apply the provisions laid down in Article 10(1), (2) and (3) and Article 10(6)(a), (b) and (c) of Regulation (EU) No 1163/2014.
3.
For the purpose of applying the provisions referred to in paragraph 2:
(a)
‘annual supervisory fee’ means individual annual contribution;
(b)
‘significant supervised entity’ or ‘significant supervised group’ means an entity or group as referred to in Article 4(1)(a);
(c)
‘less significant supervised entity’ or ‘less significant supervised group’ means an entity or group as referred to in Article 4(1)(b);
(d)
‘supervised entity’ or ‘supervised group’ means any entity or group;
(e)
‘fee debtor’ means contribution debtor.
4.
The annual contribution due by the entities referred to in Article 2 of Regulation (EU) No 806/2014 that are members of the same group shall be calculated as a single contribution.
5.
Where the Board makes an error in the calculation of an individual annual contribution, it shall rectify the error by recalculating the individual annual contribution of each affected entity. The Board shall settle any difference between the individual annual contribution paid and the recalculated amount by increasing or decreasing the individual annual contribution calculated in the financial year following the recalculation.
However, no recalculation shall be performed where the Board becomes aware of an error more than 5 years after the end of the financial year in which the error occurred.