ESMA consults on possible changes to annual fees for Tier 1 Third country central counterparties

ESMA consults on possible changes to annual fees for Tier 1 Third country central counterparties

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Provider: 
ESMAESMA
URL: 
https://www.esma.europa.eu/press-news/esma-news/esma-consults-possible-changes-annual-fees-tier-1-third-country-centralhttps://www.esma.europa.eu/press-news/esma-news/esma-consults-possible-changes-annual-fees-tier-1-third-country-central
Retrieved on: 
Tuesday, October 17, 2023
Information
Tags: 
Introduction, European Securities and Markets Authority, EUR, TC, European Parliament, European Commission, OJ, Council, Introduction of the Bundesliga, European Market Infrastructure Regulation, European, Delegate, EMIR, Tier 1, Civil service commission, Market, ESMA, Property management, Fine chemical, EU
Summary
Key Points: 
  • ESMA consults on possible changes to annual fees for Tier 1 Third country central counterparties
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today launches a public consultation on the revision of the Delegated Regulation regarding fees charged to Tier 1 third country central counterparties (CCPs) under the European Market Infrastructure Regulation (EMIR).
  • - Introduction of a basic minimum annual fee of EUR 50,000 per Tier 1 TC-CCP, and a maximum annual fee of EUR 250,000.
  • ESMA’s proposals aim to ensure that the annual fees charged to Tier 1 third country central counterparties (TC-CCPs) are more proportionate and accurately reflect the differences in size and activity across all Tier 1 TC-CCPs.
  • The feedback received will feed into ESMA’s Technical Advice to the European Commission on changes to the Delegated Regulation on fees charged to third country CCPs[1].
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