Article 27d — Procedures for granting and refusing applications for authorisation of ARMs and APAs — compare
Showing 7 of 7Release 1 Nov 2026Details
- Coverage
- MiFIR: every English consolidation from 1 Jan 2022. Older wording is not held and is not replaced by any other text. Not covered: national guidance, court decisions.
- Freshness
- Release a4f2a049 published 1 Nov 2026, 17:41 CET. This article checked word for word against EUR-Lex on 26 Oct 2026.
- Shown
- Showing 7 of 7
- Failures
- None.
- Incomplete
- No.
- From
- 1 January 2022 · Consolidated version of 1 January 2022 · Checked against EUR-Lex on 26 Oct 2026 · Official source
- To
- 2 November 2026 · Consolidated version of 28 March 2024 · Checked against EUR-Lex on 26 Oct 2026 · Official source
Procedures for granting and refusing applications for authorisation of ARMs and APAs
1.The applicant data reporting services providerAPA or ARM shall submit an application providing all information necessary to enable ESMA, or, where relevant, the national competent authority where relevant, to confirm that the data reporting services providerAPA or ARM has establishedput in place, at the time of initial authorisation, all the necessary arrangements to meet its obligations under the provisions ofpursuant to this Title, including a programme of operations setting out, inter alia, the types of services envisaged and the organisational structure.
2.ESMA, or, where relevant, the national competent authority where relevant, shall assess whether the application for authorisation is complete within 20 working days of receipt of the application.
Where the application is not complete, ESMA, or, where relevant, the national competent authority where relevant, shall set a deadline by which the data reporting services providerAPA or ARM is to provide additional information.
After assessing anthe application as complete, ESMA, or, where relevant, the national competent authority where relevant, shall notify the data reporting services providerAPA or ARM accordingly.
3.ESMA, or, where relevant, the national competent authority where relevant, shall, within six months from theof receipt of a complete application, assess the compliance of the data reporting services providerAPA or ARM with this Title. It shall adopt a fully reasoned decision granting or refusing authorisation and shall notify the applicant data service providerAPA or ARM accordingly within five working days of adoption.
5.ESMA shall develop draft implementing technical standards to determine standard forms, templates and procedures for the notification or provision of informationinformation to be provided for inpursuant to paragraph 1 of this Article and the information to be included in Article the notifications referred to in Article 27f(2) as regards APAs and ARMs.