Regulatory Alerts2025-06-12
Added · Updated
Commission Delegated Regulation (EU) 2025/1143 on regulatory technical standards for approved publication arrangements, approved reporting mechanisms, and consolidated tape providers
The European Commission adopts regulatory technical standards supplementing Regulation (EU) No 600/2014 regarding the authorisation and organisational requirements for approved publication arrangements (APAs), approved reporting mechanisms (ARMs), and consolidated tape providers (CTPs). The regulation mandates specific disclosure requirements for applicants, including organisational charts, ownership structures, corporate governance policies, and management body suitability assessments. It establishes detailed obligations for conflict of interest management, digital operational resilience, data accuracy monitoring, and error correction procedures. Additionally, it sets requirements for CTPs regarding fee transparency, energy consumption reporting, and joint application capabilities, while repealing Commission Delegated Regulation (EU) 2017/571.