EU Calls S&P ISIN Fees Abuse Of Monopoly Position

Law360, New York (November 19, 2009, 2:07 PM EST) -- The European Commission has formally objected to Standard & Poor's Financial Services LLC's required licensing fees for its securities identification numbers, bringing to light the first public results of an investigation the antitrust regulator kicked off in January.

The EC sent a statement of objections to S&P on Monday, the regulator said Thursday. S&P is abusing its dominant position by requiring financial institutions and information service providers to pay licensing fees for the use of international securities identification numbers in their own databases, according to the...
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