ESMA consults on possible changes to annual fees for Tier 1 Third country central counterparties
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Tuesday, October 17, 2023
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ESMA consults on possible changes to annual fees for Tier 1 Third country central counterparties
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].