ESMA Publishes Technical Advice on Fees for Trade Repositories

On 4 April 2013, the European Securities and Markets Authority (ESMA) published its Final Report containing “Technical Advice to the Commission on Fees for Trade Repositories”.   Under Article 72 of EMIR, ESMA is to charge fees that fully cover all of its expenditure relating to the registration and supervision of trade repositories and the reimbursement of any costs that competent authorities may incur carrying out work pursuant to EMIR.

The report also contains a summary of the 8 responses ESMA received to its February 2013 consultation, all of which were said broadly agreed with the proposed fee structure.