EU · MiFIR · TITLE III TRANSPARENCY FOR SYSTEMATIC INTERNALISERS AND INVESTMENT FIRMS TRADING OTC AND TICK SIZE REGIME FOR SYSTEMATIC INTERNALISERS
Article 22a MiFIRTransmission of data to the CTP
Requires trading venues and APAs to send the consolidated tape provider, as close to real time as possible and in a harmonised format, regulatory data and transparency data for shares, ETFs, bonds and in-scope OTC derivatives, applying the relevant deferrals and without payment beyond the CTP revenue redistribution. Small SME growth markets and market operators with 1% or less of EU share trading may opt out, and CTPs report poor data quality to the competent authority.
Amendments and application dates
| Amending act | Change | Applies from |
|---|---|---|
| Regulation (EU) 2024/791 | Provision inserted; Text inserted | 28 Mar 2024 |
Level 3: ESMA Q&As, guidelines and opinions
- Q&AAnsweredESMA rulebook
AI summaryThe opt-in regime in Article 22a(2)-(3) MiFIR applies only to the equities consolidated tape and only to SME growth market operators and market operators meeting its conditions; all contributors must send data to the bond and OTC derivatives tapes, and MTFs that are not SME growth markets must contribute to the equities tape.
- Q&AAnsweredESMA rulebook
AI summaryFor Article 3(2) of Delegated Regulation 2025/1155 on data sent to the consolidated tape, the order timestamp is the one the venue's matching engine applies when the order is registered in the order book, not its arrival at the gateway.
- Q&AAnsweredESMA rulebook
AI summaryUnder Article 22a(5) MiFIR the consolidated tape provider may choose any transmission protocol a data contributor (or its outsourced provider) offers other data users under Article 13(1); outsourcing must not be used to restrict that choice.
- Q&AAnsweredESMA rulebook
AI summaryData contributors may outsource reporting to the consolidated tape provider, for example to an APA or another venue, but remain legally responsible under Article 22a MiFIR, including for data quality; outsourcing must not add artificial latency, restrict the CTP's choice of transmission protocols or otherwise undermine the CTP.
Commentary
No law-firm commentary is linked to this provision yet.
219 more documents relate to MiFIR as a whole without naming an article.
UK counterpart
- No UK counterpartExplicit reference
Inserted in the EU by Regulation (EU) 2024/791 (from 28 Mar 2024), after exit.
Version history
- From 28 Mar 2024
Each entry is a consolidated version of the act on EUR-Lex in which this provision appears. The text itself is on the official site.