COMMISSION DELEGATED REGULATION (EU) …/... amending Commission Delegated Regulation (EU) 2022/930 as regards fees relating to the supervision by the European Securities Markets Authority of consoli...

EUROPEAN COMMISSION Brussels, 7.5.2025 C(2025) 2687 final COMMISSION DELEGATED REGULATION (EU) …/... of 7.5.2025 amending Commission Delegated Regulation (EU) 2022/930 as regards fees relating to the supervision by the European Securities Markets Authority of consolidated tape providers (Text with EEA relevance) EXPLANATORY MEMORANDUM 1. CONTEXT OF THE DELEGATED ACT 1.1. Legal background In accordance with Article 38n(1) of Regulation (EU) No 600/2014 of the European Parliament and of the Council1 (Markets in Financial Instruments Regulation or ‘MiFIR’), the European Securities and Markets Authority (‘ESMA’) charges fees to data reporting services providers (‘DRSPs’) and those fees are to fully cover ESMA’s necessary expenditure relating to the authorisation and supervision of DRSPs. Article 38n(2) of MiFIR further clarifies that the amount of an individual fee charged to a DRSP should cover all the administrative costs incurred by ESMA for the authorisation and supervisory activities relating to that provider and should be proportionate to the DRSP’s turnover. Article 38n(3) of MiFIR delegates to the Commission the power of adopting a delegated act to specify the type of fees, the matters for which fees are due, the amount of the fees and the manner in which they are to be paid. On 10 March 2022, the Commission adopted Delegated Regulation (EU) 2022/9302 based on Article 38n(3) of MiFIR. It set out the fees for ESMA supervision of two...