Summary
The European Parliament has decided not to object to new fees charged by ESMA to central counterparties located outside the EU, ensuring they contribute to their own oversight costs. 9 16.09.2020
Other
finance
european union
public administration
financial institutions and credit
Key points
- The decision introduces a mechanism for charging fees to central counterparties located outside the European Union.
- These fees are intended to cover the costs incurred by ESMA for the recognition and supervision of these entities.
- The measure aims to ensure a level playing field between EU-based counterparties and those from third countries.
- The period for raising objections to this regulation expired on 2020-09-15.
Documents (PDFs)
RECOMMENDATION FOR A DECISION to raise no objections to the Commission delegated regulation of 14 July 2020 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to fees charged by the European Securities and Markets Authority to central counterparties established in third countries
Non-objection to a delegated act: fees charged by ESMA to third country CCPs
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