SUPERVISORY FEES

21 Jun: ESMA RECOMMENDS CHANGES TO SUPERVISORY FEES FOR CREDIT RATING AGENCIES

(Source: ESMA)

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published today its final report providing technical advice to the European Commission on the supervisory fees charged to credit rating agencies (CRAs).

The report is based on feedback from the recent public consultation and proposes changes to the calculation and the collection of supervisory fees set out in the current Delegated Regulation.

ESMA proposes to charge:

a fixed registration fee of €40,000; andan annual supervisory fee of 0.5% of turnover to CRAs with annual revenues of between €4,000,000-15,000,000.

The proposed changes will ensure that ESMA …