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

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Industry participants and European trade associations have welcomed the proposed commitments made 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 believe more needs to be done to ensure free access and use of security identifiers.

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

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