Regulatory Alerts2024-12-16
Final Report on Technical Standards for Consolidated Tape Providers and DRSPs under MiFIR
ESMA issued final technical standards to implement MiFIR amendments regarding the establishment and operation of Consolidated Tape Providers (CTPs) and Data Reporting Service Providers (DRSPs). The regulations mandate specific data quality, latency, and transmission protocol requirements for CTPs, alongside a defined revenue redistribution scheme for equity data contributors. Additionally, the report establishes strict business clock synchronization accuracy levels and outlines the authorization and organizational requirements for DRSPs and CTPs.
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