Regulatory Alerts2024-03-11
Added · Updated
Commission Delegated Regulation (EU) 2024/1706 amending Delegated Regulation (EU) No 272/2012 regarding ESMA fees for credit rating agencies
The European Commission amends Delegated Regulation (EU) No 272/2012 to harmonize and simplify the fees charged by ESMA to credit rating agencies. The changes require agencies to submit audited accounts by 30 September of the year preceding the fee year, with turnover calculated based on data from two years prior. Annual supervisory fees must be paid in a single instalment by the end of March, while registration and certification fees are adjusted to include specific non-refundable provisions and exemptions for December registrations. These rules apply from 1 January 2025.
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