S&P to Cut ISIN Fees Post EU Probe, Users Claim More Needs to Be Done

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European trade associations and industry participants have welcomed proposed commitments by Standard & Poor’s (S&P) to the European Commission (EC), which would represent a dramatic reduction in the cost of licensing US International Securities Identification Numbers (ISINs) from its Cusip Service Bureau, but some say more should be done to ensure licence-free use of security identifiers.

The EC launched formal proceedings against S&P on January 12, 2009, investigating whether the fees being cha