Market Regulation Services Inc. is seeking comments on proposed revisions to its fee model.
In a notice RS reports that on September 29, its board of directors approved an allocation model for a series of direct charges to marketplaces to recover operational and capital costs caused by the introduction of new markets.
The proposed model relates to the first group of a number of pending charges and proposals relating to RS costs and fees. The charges in this first group relate to: RS’s internal administrative start-up costs associated with the launch of each new marketplace; the cost of the work performed by RS’s technology provider to allow RS’s systems to receive each new marketplace’s data through the existing firewall and to validate connectivity; the cost of the work performed by RS’s technology provider as a result of unique features of each new marketplace that require additional changes to its systems; and, the cost of modifying RS’s existing systems to receive data from all of those marketplaces for which RS cannot currently perform automated monitoring.
If the recognizing regulators approve the proposed allocation of these charges, RS will implement them immediately for all affected marketplaces.
RS says it will be developing further proposals in relation to: the costs to consolidate marketplace data and develop displays and tools to provide effective cross-market monitoring; and, a new model for UMIR regulation fees. Both of these proposals are still subject to RS board review and approval, and so will be published separately.
Comments on this first proposal are due by December 17.
RS proposes revision to fee structure
- By: James Langton
- November 17, 2006 November 17, 2006
- 15:10