1.   The annual supervisory fee referred to in Article 4 for a financial year shall be paid to ESMA before 31 March of the calendar year for which they are due. The fees shall be calculated on the basis of the latest available information for annual fees.

2.   ESMA shall not reimburse annual supervisory fees.

3.   ESMA shall send the invoice to the benchmark administrator at least 30 days before the payment is due.