ESMA publishes report on proposed fees for benchmark administrators
ESMA has published a final report on its Technical Advice regarding supervisory fees for benchmarks administrators under the BMR.
The aim of the Final Report is to advise the European Commission (EC) on fees to be paid by benchmark administrators that will be supervised by ESMA starting in January 2022.
Supervisory fees will be collected from administrators of critical benchmarks and those of third-country benchmarks that are subject to the EU recognition regime. ESMA’s Final Report specifies the type of fees, the services for which fees are due, the amount of the fees and the frequency of payment.
The four main fee categories are:

• one-off recognition fees to be paid by third country administrators applying for recognition;
• one-off authorisation fees to be paid by critical benchmark administrators applying for authorisation;
• annual supervisory fees to be paid by third country administrators; and
• annual supervisory fees to be paid by critical benchmark administrators.

ESMA finalises rules on standardised information to faclitate cross-border distribution of funds
ESMA has published today a final report on implementing technical standards (ITS) under the Regulation on cross-border distribution of funds. The ITS focus on the publication of information by national competent authorities (NCAs) on their websites, the notification of information by NCAs to ESMA and the publication of information by ESMA on its website.The draft ITS also include provisions on the communication of information by NCAs to ESMA for the purpose of developing and maintaining a central database listing UCITS and AIFs marketed cross-border on ESMA’s website.

Fair taxation of the digital economy: EU Commission consultation launched
The European Commission has launched a consultation on the possible introduction of a digital tax to address the issue of fair taxation of the digital economy. This new initiative will address the issue of fair taxation of the digital economy and, at the same time, aims at not interfering in the ongoing work at G20 and OECD level on the reform of the international corporate tax framework. On this point, the Commission considers it necessary to seek views on the main issues related to the taxation of the digital economy, for Member States and for businesses. The consultation will end on 12 April 2021.

(only in Italian)
Attivi a copertura delle riserve tecniche: istruzioni IVASS sull’invio dei dati
Con lettera al mercato del 1° febbraio 2021, l’IVASS ha comunicato che, a partire dalla segnalazione riferita al IV trimestre 2020, la trasmissione dei dati della rilevazione “attivi a copertura delle riserve tecniche” (survey COPRT), dovrà essere effettuata esclusivamente attraverso la piattaforma Infostat.