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ESMA provides further detail on consolidated tape selection process

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Published on: 30 September 2024

Published by LNB News

LNB News 30/09/2024

Document Information

Issue Date: 30 September 2024

Published Date: 30 September 2024

Jurisdiction(s): Eire and European Union

Article summary

The European Securities and Markets Authority (ESMA) has published additional details on the selection of consolidated tape providers (CTPs) for bonds and for shares and exchange-traded funds (ETFs). ESMA will launch the selection procedure for the CTP for bonds on 3 January 2025. This is the first working day for EU institutions after 29 December 2024, the date set out in Article 27da(1) of the Markets in Financial Instruments Regulation (MiFIR). ESMA intends to adopt a reasoned decision on the selected applicant within six months of the launch, ie by early July 2025. In June 2025 ESMA will launch the selection procedure for the CTP for shares and ETFs.

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