ESMA delivers technical standards on CTPs and other DRSPs

The technical standards outlined in the Final Report cover the new rules applicable to CTPs regarding data quality and reporting, revenue redistribution and authorisation, and update the provisions on the authorisation and the organisational requirements for Approved Publication Arrangements (APAs) and Authorised Reporting Mechanisms (ARMs) and on the synchronisation of business clocks across market infrastructures.

ESMA also publishes a feedback statement providing an overview of responses received from stakeholders to the public consultation on the future selection of CTPs. This statement also clarifies certain aspects of the CTP selection procedures.

Today's publications are a prerequisite to the successful establishment of CTPs in the EU, and to the improved functioning of APAs and ARMs.

Next steps

After submitting the final report, the European Commission has three months to decide whether to endorse the proposed amendments to the RTS.

ESMA will launch the selection procedures for the bonds CTP on 3 January 2025, and for the equity CTP in June 2025. More information about the process can be found oin the ESMA dedicated webpage.

Further information:

Cristina Bonillo

Senior Communications Officer
[email protected]