(Finance) – The European Securities and Markets Authority (ESMA) has published further details on the selection of Consolidated Tapes Providers (CTP) for bonds, shares and exchange-traded funds (ETF). The so-called consolidated tape (CT) is a system that consolidates information on financial transactions taking place on exchange platforms across the EU.
ESMA will launch the selection procedure for the CTP for bonds Friday 3 January 2025. This is the first working day for the EU institutions after Sunday 29 December 2024, the date set by MiFIR. ESMA intends to take a reasoned decision on the selected applicant within 6 months of the launch, i.e. by the beginning of July 2025.
TO June 2025ESMA will launch the selection procedure for the CTP for stocks and ETFs with the aim of adopting a reasoned decision on the selected applicant by the end of 2025.
Each selection procedure will be started with the publication of a tender notice and tender documents on the EU Funding & Tenders portal. In the coming weeks, ESMA intends to share further guidance on the assessment of exclusion criteria.