Draft opinion
Paragraph 6 a (new)
6 a. Takes note of the important role of ESMA’ s Supervisory Committee, both in relation to EU and third country central clearing counterparties (CCPs), in keeping European financial markets stable and orderly and enhancing investor protection; notes that while the funding of the activities in relation to EU CCPs is covered by ESMA budget, the third country CCPs supervisory activities are covered by the fees collected by ESMA from third country CCPs; noting that no additional resources had been provided for ESMA neither regarding the new EU CCP tasks under EMIR 2.2 nor the CCP Recovery and Resilience tasks; calls on increasing the funding of ESMA to ensure that the CCP Supervisory Committee has the capacity to fulfil its ongoing and annual tasks in relation to EU CCPs; calls on the Commission to review the current framework for the collection of the fees from third country CCPs to allow ESMA collect an amount that is reflective of the long-term sustainability and acceptability of the fee structure, whilst having a more proportionate approach for CCPs having differing levels of activity of relevance to Union financial markets;