Aggregated News From Investment Management Regulators

ESMA consults on Fees for Benchmarks Administrators

Report/Flag

Please complete the required fields.



The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has launched a consultation on fees for benchmarks administrators under the BMR.

The aim of the Consultation Paper is to advise the European Commission (EC) on fees to be paid by the benchmark administrators that will be supervised by ESMA starting in January 2022.

The Consultation Paper contains ESMA’s first proposal for BMR fees to be paid by third country administrators under the recognition regime and by administrators of a critical benchmark.

The Paper distinguishes between:

  • one-off recognition fee to be paid by third country administrators applying for recognition;
  • one-off authorisation fee to be paid by administrators of critical benchmarks applying for authorisation;
  • annual supervisory fee to be paid by third country administrators; and
  • annual supervisory fee to be paid by administrators of a critical benchmark.

Next steps

The closing date for responses is 6 November 2020. ESMA will consider the responses to this consultation with a view to providing Technical Advice to the EC and aims to publish its final report in January 2021.

Source link

Regulator Information

Abbreviation: ESMA
Jurisdiction: ESMA

Recent Articles

The AMF presents an initial overview of SFTR reporting data

Based on the recommendations of the Financial Stability Board, the European Securities Financing Transactions Regulation (SFTR), enacted in November 2015, has made it possible to establish greater tr

SEC Issues Whistleblower Awards Totaling Nearly $5.3 Million

The Securities and Exchange Commission today announced awards of nearly $5.3 million to whistleblowers who provided information and assistance in separate enforcement proceedings.

HQ Trade

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

searchinvestments-uk.com

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

highestfixedrates.com

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Get the latest from Regulatory.News in your inbox!

×