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New RTS on transactions for data reporting service providers under MiF II

18/01/2018

On 26 September 2017, the European Commission adopted Regulatory Technical Standards (RTS) on the authorisation, organisational requirements and the publication of transactions for data reporting services providers under MiFID II.

On 26 September 2017, the European Commission adopted Regulatory Technical Standards (RTS) on the authorisation, organisational requirements and the publication of transactions for data reporting services providers under MiFID II. The objective of the RTS is to specify the scope of the consolidated tape for non-equity instruments such as bonds, structured finance products, emission allowances and derivatives. The new provisions enumerate the non-equity financial instruments, set out the data which must be provided by the data stream but also further specifies which APAs and trading venues have to be included in the consolidated tape.Most importantly, these RTS also include transitional provisions requiring that the first assessment period for determining the coverage ratios by CTPs would apply as of 1 January 2019.

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