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Text as of 23 Nov 2025 · Consolidated version of 23 November 2025 · Same wording as today’s text.Today’s text

Article 22c — Synchronisation of business clocks

Financial servicesLevel 1RegulationMiFIRIn forceOfficial source

22c(1)

1.Trading venues and their members, participants or users, systematic internalisers, designated publishing entities, APAs and CTPs shall synchronise the business clocks they use to record the date and time of any reportable event.

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22c(2)

2.ESMA shall, in accordance with international standards, develop draft regulatory technical standards to specify the level of accuracy to which business clocks are to be synchronised.

ESMA shall submit those draft regulatory technical standards to the Commission by 29 December 2024.

Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.

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