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Recital 20

(20) ESAP should provide users with access to information free of charge and on a non-discriminatory basis and should make it possible for users to search, access and download information from ESAP. However, to protect ESMA from an excessive financial burden in relation to costs incurred as a result of serving the needs of any intensive users, ESMA should be allowed to generate revenue. Therefore, by way of derogation from the general principle that information should be accessible free of charge, ESMA should be allowed to impose fees for specific services, including for services with high maintenance or support costs due to searches for and downloads of very large volumes of information or due to a high frequency of access to information made accessible on ESAP, in particular if the use of such information is for commercial purposes. Any fees imposed should, however, not exceed the costs incurred by ESMA for providing those specific services. Any fees collected should be allocated to the overall functioning of ESAP. Some users, including academia and civil society organisations, should not be subject to any fees. The calculation of fees should be transparent and based on clear principles.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.