Regulatory Alerts2025-06-12
Added · Updated
Commission Delegated Regulation (EU) 2025/1155 on consolidated tape standards for shares and ETFs
The European Commission adopts regulatory technical standards specifying input and output data formats, transmission latency limits, and business clock synchronization requirements for consolidated tape providers (CTPs) handling shares and ETFs. Data contributors must transmit pre- and post-trade data within 50 milliseconds using ISO 20022 methodology, while CTPs are mandated to redistribute revenue annually based on weighted criteria and enforce data quality through suspension mechanisms. This regulation repeals Commission Delegated Regulation (EU) 2017/574 and applies to CTPs, data contributors, trading venues, and systematic internalisers.
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