Users Welcome EC Stance on S&P Licensing Case

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In a speech before the European Parliament in Brussels on March 22, Almunia said the EC does have concerns Standard & Poor’s “may charge too much for the use of these identifiers in particular. Indirect users must pay a licensing fee, although there are no intellectual property rights on these numbers.”

The European Commission (EC) launched formal proceedings against S&P on January 12, 2009, investigating whether the fees being charged by S&P for databasing ISINs based on Cusip numbers were in b