On 11 June 2020, the European Commission published for consultation a draft Delegated Regulation supplementing the European Market Infrastructure Regulation (EMIR) with regard to fees charged by the European Securities and Markets Authority (ESMA) to central counterparties (CCPs) established in third countries.
Article 25d of EMIR provides that ESMA should charge fees to third country CCPs to cover all costs incurred for the recognition and the performance of its tasks in relation to third country CCPs.
Article 25d of EMIR empowers the Commission to adopt a delegated act in order to specify further the types of fees, the matters for which fees are due, the amount of the fees and the manner in which fees are to be paid by third country CCPs that apply for recognition and by recognised third country CCPs.
The deadline for comments on the draft delegated act is 9 July 2020.