FESE Response to the ESMA consultation on the methodology for the calculation of market capitalisation

With regards to the approach to determine end-of-year share prices, FESE would prefer maintaining the current methodology of using the closing price from the last trading day of the year. This would avoid technical changes and ensure that the closing price reflects the most accurate market value.

FESE agrees with ESMA’s proposed methodology for calculating market capitalisation at the LEI level, and with the proposed approach of using the legal address as the basis for determining an entity’s country.