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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 22 October 2013 - 31 December 2024
Version 2 of 3

Article 6 Registration fee

1. The registration fee to be paid by individual applicant trade repositories shall be calculated according to the supervisory effort necessary for the assessment and examination of the application, as well as the expected total turnover of the trade repository as specified in paragraphs 2 to 6.

2. For the calculation of the registration fee, the following activities shall be taken into consideration:

(a) the provision by the trade repository of ancillary services such as trade confirmation, trade matching, credit event servicing, portfolio confirmation or portfolio compression services;

(b) the provision of repository services in three or more classes of derivatives by the trade repository.

3. For the purposes of paragraph 2, a trade repository shall be deemed to offer ancillary services in any of the following situations:

(a) where it provides direct ancillary services;

(b) where an entity belonging to the same group as the trade repository provides indirect ancillary services;

(c) where an entity with which the trade repository has concluded an agreement in the context of the trading or post-trading chain or business line to cooperate in the provision of services provides the ancillary services.