EU, S&P Resolve Antitrust Probe Over Identifier Fees

Law360, New York (November 15, 2011, 3:45 PM EST) -- The European Commission has approved a commitment by Standard & Poor's Financial Services LLC to end licensing fees paid by banks to use U.S. securities identifiers in Europe, resolving concerns that S&P had breached antitrust regulations, the commission said Tuesday.

The EC has additionally made binding the pricing changes proposed by S&P for other users of U.S. international securities identification numbers, including information services providers and service bureaus. ISINs are global identifiers for securities that are critical for several operations of financial institutions, such as reporting...
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