ESMA CONSULTS ON SUPERVISORY FEES FOR DATA REPORTING SERVICES PROVIDERS

20 November 2020

Metadata
Provider: 
ECEC
URL: 
https://www.esma.europa.eu/press-news/esma-news/esma-consults-supervisory-fees-data-reporting-services-providershttps://www.esma.europa.eu/press-news/esma-news/esma-consults-supervisory-fees-data-reporting-services-providers
Retrieved on: 
Friday, November 20, 2020
Information
Tags: 
European Union, Given names, Government agencies, European Securities and Markets Authority, Esma, Government, Essential Services Maintenance Act, Corporate law
Summary
Key Points: 
  • 20 November 2020

    Post Trading

    Supervisory convergence

    The European Securities and Markets Authority, the EUs securities markets regulator, today launches a publicconsultation on supervisory fees for data reporting services providers (DRSPs) to be supervised by ESMA starting in 2022.

  • Following the ESAs Review, the authorisation and supervision of data reporting services providers (DRSP) will be transferred from national competent authorities to ESMA starting January 2022.
  • The consultation aims to gather stakeholder views on fees for DRSPs that will be supervised by ESMA.
  • ESMA is proposing both application and authorisation fees, as well as an annual supervisory fee for DRSPs.
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