ESMA has published its 2023 budget
categorizing its approx. EUR 75 million in total revenue as well as 75 million in total expenses.
The agency created in 2011 to regulate CRAs (credit rating agencies) is still prioritizing that source of revenue, planning to collect more than EUR 10 million in fees from CRAs. EMIR 2.2 fees are ESMA’s next largest fee source, at almost EUR 6 million. Meanwhile, contributions from Member State NCAs and from the EU represent the bulk of its budgeted revenue, at more than EUR 47 million.
As for expenses, staff is the largest category (EUR 48.5 million), followed by operating expenses (EUR 15 million), infrastructure and administrative expenses (EUR 8.4 million), and delegated tasks and ESAP (European Single Access Point) (EUR 3.4 million). Further details of its 2023 budget, as well as other disclosures, can be found at the following link: https://www.esma.europa.eu/sections/planning-reporting-budget