BusinessCompany NewsCompanies facing £50,000 LSE data charge

Companies facing £50,000 LSE data charge

Companies that make use of data from the London Stock Exchange in tax and computing software could be hit with a bill as high as £50,000 when new charges are introduced next year.

Link: Sarbanes-Oxley helps LSE campaign

From 26 January 2004 the LSE will charge licence fees to all end users of its Stock Exchange Daily Official List identifiers (SEDOL).

The seven-digit numbers are used in software packages as means of identifying securities, but the rights to them are owned by the LSE.

Single-site companies will be charged in a range between £500 and £15,000, while those with multiple sites will be charged up to £50,000 for an ‘enterprise license’.

The LSE is implementing the new charging system to support its re-development of the numbering system.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor