<!-- headlesslaw {"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2023-05-30","gaps":[],"covered":["ESMA Q&A 985 — Q&A — Fees charged to CCPs [Forwarded to EC/Public Consultation/Other] L3"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"the ESMA publication"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mifir/level-3/q-and-a/esma/esma-qa-985-fees-charged-to-ccps-in-relation-to-access-to-trading-venues","url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-985-fees-charged-to-ccps-in-relation-to-access-to-trading-venues","title":"ESMA Q&A 985 — Q&A — Fees charged to CCPs [Forwarded to EC/Public Consultation/Other]","family":"l3","work_id":"spaces/mifir/level-3/q-and-a/esma/esma-qa-985-fees-charged-to-ccps-in-relation-to-access-to-trading-venues","status":"forwarded to ec/public consultation/other","force_status":null,"date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"ESMA Q&A register, 30 May 2023","check":{"against":"the ESMA publication","on":"2026-10-26"},"check_result":"matched","official_url":"https://www.esma.europa.eu/publications-data/questions-answers/985","valid_from":"0001-01-01","valid_until":null,"revision":1,"content_id":"1fb9e74ed58ef224","change_date":null,"nearest_versions":["2023-05-30"],"first_text_date":null,"correction_applies":false,"versions":["2023-05-30"],"version_url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-985-fees-charged-to-ccps-in-relation-to-access-to-trading-venues/versions/2023-05-30","revision_url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-985-fees-charged-to-ccps-in-relation-to-access-to-trading-venues/versions/2023-05-30/rev/1fb9e74ed58ef224","versions_url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-985-fees-charged-to-ccps-in-relation-to-access-to-trading-venues/versions","relations_url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-985-fees-charged-to-ccps-in-relation-to-access-to-trading-venues/relations","source_line":"Question published in the ESMA Q&A tool · no answer · not legislation [Forwarded to EC/Public Consultation/Other]","attribution":{"prepared_by":"not stated in the document","published_by":"ESMA","published_in":"ESMA Q&A tool","document_type":"qa_question","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"question_submitted_on":"2023-05-30","locators":{"question_submitted_on":"ESMA Q&A Excel export ESMA_QA_985, column 'Date of submission'"}},"adoption":null}}} -->
---
title: "ESMA Q&A 985 — Q&A — Fees charged to CCPs [Forwarded to EC/Public Consultation/Other]"
shortTitle: "ESMA Q&A 985 — Q&A — Fees charged to CCPs [Forwarded to EC/Public Consultation/Other]"
answer_id: ESMA_QA_985
topic: "Access to CCPs and trading venues"
status: "Forwarded to EC/Public Consultation/Other"
type: qa
instrument_type: qa
authority: ESMA
binding: false
binding_character: non_binding
legal_status: consultation
regulation: "MiFIR"
mifir_level3: true
mica_level2: false
legal_basis: "MiFIR"
date: 30 May 2023
source_link: https://www.esma.europa.eu/publications-data/questions-answers/985
lifecycle: "Forwarded to EC/Public Consultation/Other"
text_version: "ESMA Q&A register, 30 May 2023"
source_url: "https://www.esma.europa.eu/publications-data/questions-answers/985"
check_status: matched
verified: true
last_checked: 2026-10-26
checked_against: "the ESMA publication"
source:
  prepared_by: "not stated in the document"
  published_by: "ESMA"
  published_in: "ESMA Q&A tool"
  evidence:
    prepared_by: "ESMA_QA_985"
    locator: "ESMA Q&A entry ESMA_QA_985: no answer; no author named"
document_type: "qa_question"
legal_nature: "not_legislation"
addressees: "not stated in the document"
dates:
  question_submitted_on: "2023-05-30"
  locators:
    question_submitted_on: "ESMA Q&A Excel export ESMA_QA_985, column 'Date of submission'"
lifecycle_label: "Forwarded to EC/Public Consultation/Other"
---

**Question published in the ESMA Q&A tool · no answer · not legislation [Forwarded to EC/Public Consultation/Other]**

*Forwarded to EC/Public Consultation/Other · ESMA Q&A register, 30 May 2023 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/985)*

| | |
|---|---|
| **Full title** | ESMA Q&A 985 — Q&A — Fees charged to CCPs \[Forwarded to EC/Public Consultation/Other\] |
| **Prepared by** | Not stated in the document |
| **Published by** | ESMA, in the ESMA Q&A tool |
| **Reference** | ESMA_QA_985 |
| **Document type** | Q&A |
| **Legal nature** | No answer · not legislation |
| **Addressees** | Not stated in the document |
| **Dates** | Question submitted 30 May 2023 |
| **Legal basis** | MiFIR |
| **Related instruments** | None recorded |
| **Text on this page** | Word for word — the full text of the ESMA publication |

**Fees charged to CCPs in relation to access to trading venues**

### Question

Article 11 of RTS 15 MiFIR permits a trading venue to charge fees to a CCP accessing the trading venue provided that it is the same schedule of fees and rebates for each CCP with regard to the same or similar financial instruments, unless a different fee schedule can be objectively justified. Where (a) a CCP has close links to a trading venue, (b) such CCP does not pass on the fees charged to it by that trading venue, and (c) the aggregated trading and clearing fees for trades executed and cleared by such trading venue and its linked CCP are therefore lower relative to the fees for the same trades cleared with non-affiliated CCPs, would the schedule of fees and rebates applicable to all CCPs accessing the trading venue be considered to be the same schedule of fees and rebates?

***

**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/985)