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MarketAxess Limited

MarketAxess is the global leader for fixed income electronic trading, connecting a network of over 1,000 institutional investor and broker-dealer firms.

Lobbying Activity

Response to Supervisory fees and fines or penalty payments for DRSPs under ESMA supervision and the criteria for derogation

27 Aug 2021

We refer to the European Commission’s request for feedback on the draft Commission Delegated Regulation supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council specifying fees, rules of procedure for measures and criteria for derogation relating to the supervision by the European Securities Markets Authority of data reporting service providers Ref. Ares (2021) 4887758 (the “Draft DRSP Delegated Regulation” and the “Consultation”). MarketAxess Post-Trade B.V. (“we", "us" or "MarketAxess”) operates a data reporting service provider (“DRSP”) in the Netherlands, which is approved by De Autoriteit Financiële Markten as both an ARM and an APA and so we are directly impacted by the Draft DRSP Delegated Regulation. In this capacity, we welcome the opportunity to provide feedback on the calculation of annual supervisory fees under the Draft DRSP Delegated Regulation in particular (with the MarketAxess feedback herein being, the “Response”). Please refer to the attached document which contains our full Response.
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