On 9 February 2021, the European Commission published for consultation a draft Delegated Regulation that includes a new article in each of the two Delegated Regulations on fees paid by trade repositories (TRs) to the European Securities and Markets Authority (ESMA), i.e. Delegated Regulation 1003/2013 and Delegated Regulation 2019/360. The new article should provide a specific reference period for the calculation of applicable turnover to be used in the calculation of annual fees paid by TRs to ESMA in 2021 to reflect better the changes that the EU’s TR landscape is experiencing since the end of the Brexit transition period. The deadline for comments on the consultation is 9 March 2021.