AI Summary of Article 62 Budget of the Authority
Under Article 70 of Regulation (EU, Euratom) 2018/1046, the Authority’s revenues shall consist, in particular, of any combination of: (a) obligatory contributions from national public authorities competent for the supervision of financial market participants, calculated in accordance with a formula based on the weighting of votes set out in Article 3(3) of Protocol No 36, which continues to apply beyond 31 October 2014; (b) a subsidy from the Union entered in the General Budget of the European Union (Commission Section); (c) fees paid to the Authority as specified in Union law; (d) voluntary contributions from Member States or observers, provided acceptance would not cast doubt on the Authority’s independence and impartiality, with voluntary contributions that constitute compensation for delegated tasks not being considered to cast doubt; and (e) agreed charges for publications, training and other specifically requested services.
The Authority’s expenditure shall include, at least, staff, remuneration, administrative, infrastructure, professional training and operational expenses. Revenue and expenditure shall be in balance. Estimates of all Authority revenue and expenditure shall be prepared for each financial year, corresponding to the calendar year, and shall be presented in the budget of the Authority.
Article 62 Budget of the Authority
1. The revenues of the Authority, a European body in accordance with Article 70 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council [Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012 (OJ L 193, 30.7.2018, p. 1).] (“the Financial Regulation”), shall consist, in particular, of any combination of the following:
(a) obligatory contributions from the national public authorities competent for the supervision of financial market participants which shall be made in accordance with a formula based on the weighting of votes set out in Article 3(3) of Protocol (No 36) on transitional provisions. For the purposes of this Article, Article 3(3) of Protocol (No 36) on transitional provisions shall continue to apply beyond the deadline of 31 October 2014 therein established;
(b) a subsidy from the Union, entered in the General Budget of the European Union (Commission Section);
(c) any fees paid to the Authority in the cases specified in the relevant instruments of Union law;
(d) any voluntary contribution from Member States or observers;