The European Securities and Markets Authority has issued a public consultation on the simplification of supervisory fees for trade repositories under EMIR and SFTR.
Since 2013, ESMA’s mandate includes the registration and supervision of trade repositories and it is now looking to simplify processes.
It is seeking comments on the general approach to fee determination, calculation of turnover and annual supervisory fees and the calculation of fees for registration, extension of registration and case of concurrent application.
ESMA is also bringing the calculation of fees for recognition and on-going supervision of third-country trade repositories and the payment and reimbursement modalities to question.
Responses need to be made by 24 April 2021, and a final report will be published in Q2 2021.
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