2025 Pricing
Standard EMIR Trade Repository Pricing
New clients that sign EMIR EU contracts before the 30th September 2025, will receive a fee waiver equal to 100% of 'standard' and 'delegated' fees for six months from the start date of the contract.
Standard Trade Repository ('TR') customers are charged a fixed license fee of €3,900 per annum, this includes the first 2,000 Unique Transaction Identifiers (UTIs) submitted in a calendar year. For UTI volumes exceeding 2,000, variable rates apply as prescribed in the table below. Customers may elect to pre-pay any predetermined volume of UTIs.
These fees are applied to all UTIs submitted to the TR.
| # | Minimum Volume (per annum) | Maximum Volume (per annum) | UTIs per band | Additional UTI fees (per UTI) | Price per band |
|---|---|---|---|---|---|
| 1 | 0 | 2,000 | 2,000 | Included in the licence fee | |
| 2 | 2,001 | 100,000 | 98,000 | € 0.090000 | € 8,820 |
| 3 | 100,001 | 2,000,000 | 1,900,000 | € 0.054000 | € 102,600 |
| 4 | 2,000,001 | 10,000,000 | 8,000,000 | € 0.009000 | € 72,000 |
| 5 | 10,000,001 | 20,000,000 | 10,000,000 | € 0.001200 | € 12,000 |
| 6 | 20,000,001 | Unlimited | Unlimited | € 0.000180 | No cap applies |
CCPs can elect to either:
i) Pre-pay a flat fee of €240,000 for unlimited reporting
ii) Pay ‘standard’ fees as above.
Election will be confirmed annually.
HFT/ETP EMIR Trade Repository Pricing
High-frequency traders (HFTs) and electronic trading participants (ETPs) contracting with LSEG Regulatory Reporting as TR participants are defined as those with more than 90% of reported volumes originating from algorithmic trading.
HFT/ETP TR clients are charged a fixed license fee of €64,800 per annum, that includes the first 10,000,000 UTIs submitted in a calendar year. For UTI volumes exceeding 10,000,000, variable rates apply as prescribed in the below table Customers may elect to pre-pay any predetermined volume of UTIs.
These fees are applied to all UTIs submitted to the TR.
| # | Minimum Volume (per annum) |
Maximum Volume (per annum) |
UTIs per band | Additional UTI fees (per UTI) |
Price per band |
|---|---|---|---|---|---|
| 1 | 0 | 10,000,000 | 10,000,000 | Included in the licence fee | |
| 2 | 10,000,001 | 15,000,000 | 5,000,000 | € 0.006240 | € 31,200 |
| 3 | 15,000,001 | 25,000,000 | 10,000,000 | € 0.006000 | € 60,000 |
| 4 | 25,000,001 | 50,000,000 | 25,000,000 | € 0.001440 | € 36,000 |
| 5 | 50,000,001 | Unlimited | Unlimited | € 0.000144 | No cap applies |
Other Fees
Operational Considerations
Onboarding Charges
The daily rate for Professional Services (PS) is €1,920. Each new EMIR client will be charged an onboarding fee equivalent to half a day’s PS rate. This onboarding fee is waived for new clients who have contracted for an initial term of 5 years or more.
An additional 1-day PS rate will be charged for Managed File Transfer (MFT) set-up.
View Only onboarding fees will be charged in accordance with the previously outlined fees depending on the number of firms submitting on their behalf.
Portability
TR participants can transfer their reporting to other TRs. Porting services are offered in accordance with ESMA’s ‘Guidelines On Portability Between Trade Repositories’ to firms contracted with LSEG Regulatory Reporting who wish to switch their live reporting to LSEG Regulatory Reporting or to another TR.
Voluntary Porting from other TRs to LSEG Regulatory Reporting
When a TR participant firm requires onboarding from another TR, standard EMIR pricing applies for the latest state of outstanding derivatives ported to LSEG Regulatory Reporting.
Additional PS days will be charged on a time and material basis if the TR participant firm elects to transfer any other data to LSEG Regulatory Reporting.
Voluntary Porting from LSEG Regulatory Reporting to other TRs
When a TR participant firm requires offboarding from LSEG Regulatory Reporting, billing will apply on a time and material basis at the applicable standard PS daily rate.
TR Withdrawal
In case of another TR withdrawing, fees relating to the voluntary porting from other TRs to LSEG Regulatory Reporting will be charged to TR participants that select LSEG Regulatory Reporting as their new TR.
In case of LSEG Regulatory Reporting withdrawing, no fees can be charged for ensuring the porting of TR participant firm’s data to other TRs.
LEI Changes
TR participants can request the updating of LEIs of transactions they have reported to LSEG Regulatory Reporting. This service involves the updating of an old LEI to a new LEI on historical TR records in accordance with ESMA’s QA on EMIR implementation (TR QA40), enabling a seamless transition to reporting transactions with the new LEI.
A €4,094 fixed fee is charged for up to 100,000 transaction reports updated to cover TR costs related to administrative tasks, quality assurance and notifications to the relevant competent authorities.
A further €256 is charged for each subsequent batch of 100,000 transaction reports updated in the TR.
Standard EMIR pricing will apply after the change has taken place for any transaction reports submitted from activation date onwards.
2026 Pricing
2026 EMIR EU Trade Repository Pricing
Standard (Category A)
Standard Trade Repository ('TR') customers are charged a fixed license fee of €4.300 per annum; this includes the first 2,000 Unique Transaction Identifiers (UTIs) submitted in a calendar year. Above this volume, UTIs are charged at variable rates prescribed in the table below Customers may elect to pre-pay any volume of UTIs.
These fees are applied to all UTIs submitted to the TR.
| # | Minimum Volume (per annum) |
Maximum Volume (per annum) |
UTIs per band | Additional UTI fees (per UTI) | Price per band |
|---|---|---|---|---|---|
| 1 | 0 | 2,000 | 2,000 | Included in the licence fee | |
| 2 | 2,001 | 100,000 | 98,000 | €0.099000 | €9,702 |
| 3 | 100,001 | 2,000,000 | 1,900,000 | €0.059400 | €112,860 |
| 4 | 2,000,001 | 10,000,000 | 8,000,000 | €0.009900 | €79,200 |
| 5 | 10,000,001 | 20,000,000 | 10,000,000 | €0.001320 | €13,200 |
| 6 | 20,000,001 | Unlimited | Unlimited | €0.000198 | No cap applies |
CCPs can elect to either:
i) Pre-pay a flat fee of €240,000 for unlimited reporting
ii) Pay ‘standard’ fees as above.
Election will be confirmed annually.
HFT (Category B)
High-frequency trading firms (HFTs) contracting with Regulatory Reporting as TR participants are defined as those with more than 90% of reported volumes from algorithmic trading.
HFT TR customers are charged a fixed license fee of €71,280 per annum, this includes the first 10,000,000 UTIs submitted in a calendar year. Above this volume, UTIs are charged at variable rates prescribed in the below table. Customers may elect to pre-pay any volume of UTIs. These fees are applied to all UTIs submitted to the TR.
| # | Minimum Volume (per annum) |
Maximum Volume (per annum) |
UTIs per band | Additional UTI fees (per UTI) | Price per band |
|---|---|---|---|---|---|
| 1 | 0 | 10,000,000 | 10,000,000 | Included in the licence fee | |
| 2 | 10,000,001 | 15,000,000 | 5,000,000 | €0.0068640 | €34,320 |
| 3 | 15,000,001 | 25,000,000 | 10,000,000 | €0.0066000 | €66,000 |
| 4 | 25,000,001 | 50,000,000 | 25,000,000 | €0.0015840 | €39,600 |
| 5 | 50,000,001 | Unlimited | Unlimited | €0.0001584 | No cap applies |
Digital Assets (Category C)
Category C clients are firms or entities whose core business activity is the trading, management, or facilitation of execution of Digital Assets, such as cryptocurrencies, tokenised assets, stablecoins, or similar instruments. These fees are applied to all UTIs submitted to the TR.
Category C customers are charged a fixed license fee of €82,500 per annum, this includes the first 30,000,000 UTIs submitted in a calendar year.
| # | Minimum Volume (per annum) |
Maximum Volume (per annum) |
UTIs per band | Additional UTI fees (per UTI) | Price per band |
|---|---|---|---|---|---|
| 1 | 0 | 30,000,000 | 30,000,000 | Included in the licence fee | |
| 2 | 30,000,001 | 300,000,000 | 270,000,000 | €0.0005093 | €137,511 |
| 3 | 300,000,001 | 1,000,000,000 | 700,000,000 | €0.0004321 | €302,470 |
| 4 | 1,000,000,001 | 2,500,000,000 | 1,500,000,000 | €0.0003667 | €550,050 |
| 5 | 2,500,000,001 | 5,000,000,000 | 2,500,000,000 | €0.0002640 | €660,000 |
| 6 | 5,000,000,001 | 20,000,000,000 | 15,000,000,000 | €0.0001467 | €2,200,500 |
| 7 | 20,000,000,001 | Unlimited | Unlimited | €0.0001100 | No cap applies |
Aggregators are high-volume third-party firms contracting with Regulatory Reporting as TR participants for the purpose of submitting their client’s reports. Aggregators submit their client’s transaction reports in Regulatory Reporting’s standard format and own the relationship with their clients, including the right to amend data.
Aggregator clients (reporting firms) must grant their aggregator explicit permission to report on their behalf. Aggregator clients will not have access to the Regulatory Reporting support model, however, may be granted View Only access to view their reports in accordance with the associated fees (see View Only section below).
Aggregator customers are charged a fixed license fee of €127,296 per annum; this includes the first 1,623,092 UTIs. Above this volume, UTIs are charged at variable rates prescribed in the below table. Customers may elect to pre-pay any volume of UTIs. These fees are applied to all UTIs submitted to the TR.
| # | Minimum Volume (per annum) |
Maximum Volume (per annum) |
UTIs per band | Additional UTI fees (per UTI) | Price per band |
|---|---|---|---|---|---|
| 1 | 0 | 1,623,092 | 1,623,092 | Included in the license fee | |
| 2 | 1,623,093 | 2,000,000 | 376,908 | € 0.070359 | €26,519 |
| 3 | 2,000,001 | 20,000,000 | 18,000,000 | € 0.007036 | €126,648 |
| 4 | 20,000,001 | 300,000,000 | 280,000,000 | € 0.000384 | €107,520 |
| 5 | 300,000,001 | Unlimited | Unlimited | € 0.000256 | No cap applies |
If wholesale UTI volumes, defined as UTIs relating transactions executed with counterparties engaged in institutional or professional trading activity, exceed 10% of an aggregator’s total volumes, the aggregator will incur an additional fee of €0.0036 per wholesale UTI. If an individual Aggregator Client, identified by its Reporting Legal Entity Identifier (LEI), submits more than 250 million UTIs within a single calendar year, a surcharge of €0.0004 per UTI will apply to all UTIs in excess of this threshold.
Per LEI Fees
From 1st January 2026, delegated reporting fees will be replaced with a new ‘per LEI’ fee. These fees are charged quarterly in arrears based on the number of unique LEIs active in a calendar quarter.
Clients with fewer than 2.5 million third-party UTIs reported per quarter.
| Minimum Volume (Active reporting LEIs per Quarter) |
Maximum Volume (Active reporting LEIs per Quarter) |
Quarterly Charge Per LEI (€) |
|---|---|---|
| 0 | 10 | 0 |
| 11 | 50 | 100 |
| 51 | 100 | 50 |
| 100+ | 10 |
Clients with 2.5 million or more third-party UTIs reported per quarter.
| Minimum Volume (Active reporting LEIs per Quarter) |
Maximum Volume (Active reporting LEIs per Quarter) |
Quarterly Charge Per LEI (€) |
|---|---|---|
| 0 | 10 | 0 |
| 11 | 50 | 1000 |
| 51 | 100 | 500 |
| 100+ | 250 |
An ‘Active Reporting LEI’ is defined as a unique LEI with at least one new UTI per quarter.
‘Third-Party UTIs’ refers to delegated reporting or any reporting on LEIs outside of the contracting parties group entities,
*Fees waived for LEIs with 2 or fewer new UTIs per quarter. Excludes Aggregators.
Back Reporting
Back reporting transactions are EMIR reports processed with an Event Date that is fourteen or more days earlier than the submission date. Back reporting will be charged an additional fee at the rate of €0.10 per message for the first 750,000 messages, and €0.0008 thereafter. Fees waived on the first 1,000 in a calendar year.
Other Fees
Collaborative Reporting
Collaborative reporting services are offered to firms who wish to contract directly with Regulatory Reporting and report on behalf of third parties. There are several types of collaborative reporting outlined below.
View Only
Reporting firms which have delegated their reporting to a counterparty/clearer submitting to Regulatory Reporting on their behalf, can be granted View Only access to their reports. View Only Plus includes our existing View Only offering in addition to receiving end of day reports via Managed File Transfer (MFT). CSV Conversion augments these end of day XML reports into CSV format. These firms will be required to contract with Regulatory Reporting and will be charged fees according to the tables presented below.
Clients with 5 or less report submitting entities
| Product | Price (per annum) |
Number of PS days chargeable |
|---|---|---|
| View only | €2,880 | 1 Professional Services Day |
| View only plus | €5,280 | 2 Professional Services Days |
| View only plus - with CSV Conversion | €7,680 | 2 Professional Services Days |
Clients with more than 5 report submitting entities.
| Product | Price (per annum) |
Number of PS days chargeable |
|---|---|---|
| View only | €7,200 | 2 Professional Services Day |
| View only plus | €12,000 | 3 Professional Services Days |
| View only plus - with CSV Conversion | €14,000 | 3 Professional Services Days |
There will be an additional fixed price per additional domain added post onboarding equivalent to half the Professional Services day rate.
Technical Routers
Technical Routers are third-party firms contracting with Regulatory Reporting as Independent Software Vendor (ISV) partners for the purpose of assisting their clients in submitting reports. Technical Routers will be charged €2,559 per annum. Regulatory Reporting will contract with the technical router’s clients as TR participants, which will be offered direct reporting services and will be charged standard EMIR pricing.
Technical Routers’ clients grant their technical router access to their secure file transfer protocol account (incl. SSH key) to route their reports to Regulatory Reporting. A technical router client can only submit data via a single technical router contracted with Regulatory Reporting.
Technical router clients have access to the Regulatory Reporting support model and Regulatory Reporting resources to facilitate their reporting.
Operational Considerations
Onboarding Charges
The daily rate for Professional Services (PS) is €1,920. Each new EMIR client will be charged an onboarding fee equivalent to half a day’s PS rate. This onboarding fee is waived for new clients who have contracted for an initial term of 5 years or more.
An additional 1-day PS rate will be charged for Managed File Transfer (MFT) set-up.
View Only onboarding fees will be charged in accordance with the previously outlined fees depending on the number of firms submitting on their behalf.
Portability
TR participants can transfer their reporting to other TRs. Porting services are offered in accordance with ESMA’s ‘Guidelines On Portability Between Trade Repositories’ to firms contracted with Regulatory Reporting who wish to switch their live reporting to Regulatory Reporting or to another TR.
Voluntary Porting from other TRs to Regulatory Reporting
When a TR participant firm requires onboarding from another TR, standard EMIR pricing applies for the latest state of outstanding derivatives ported to Regulatory Reporting. The volume of UTIs ported counts towards applicable capping.
Additional PS days will be charged on a time and material basis if the TR participant firm elects to transfer any other data to Regulatory Reporting.
Voluntary Porting from Regulatory Reporting to other TRs
When a TR participant firm requires offboarding from Regulatory Reporting, billing will apply on a time and material basis at the applicable standard PS daily rate.
Voluntary Porting from Regulatory Reporting to other TRs
When a TR participant firm requires offboarding from Regulatory Reporting, billing will apply on a time and material basis at the applicable standard PS daily rate.
TR Withdrawal
In case of another TR withdrawing, fees relating to the voluntary porting from other TRs to Regulatory Reporting will be charged to TR participants that select Regulatory Reporting as their new TR.
In case of Regulatory Reporting withdrawing, no fees can be charged for ensuring the porting of TR participant firms data to other TRs.
LEI Changes
TR participants can request the updating of LEIs of transactions they have reported to Regulatory Reporting. This service involves the updating of an old LEI to a new LEI on historical TR records in accordance with ESMA’s QA on EMIR implementation (TR QA40), enabling a seamless transition to reporting transactions with the new LEI.
A €4,094 fixed fee is charged for up to 100,000 transaction reports updated to cover TR costs related to administrative tasks, quality assurance and notifications to the relevant competent authorities.
A further €256 is charged for each subsequent batch of 100,000 transaction reports updated in the TR.
Standard EMIR pricing will apply after the change has taken place for any transaction reports submitted from activation date onwards.