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Commission Implementing Regulation (EU) 2025/1157 of 12 June 2025

laying down implementing technical standards for the application of Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to the standard forms, templates and procedures for the authorisation of approved publication arrangements, approved reporting mechanisms and consolidated tape providers, and related notifications, and repealing Commission Implementing Regulation (EU) 2017/1110 (Text with EEA relevance)

Full documentArticle 12 of 14 · 6 annexes

In this act Article 12 of 14

Article 12 — Communication of the decision to grant or refuse an authorisation to operate as a CTP

Financial servicesLevel 2ITSMiFIRIn forceOfficial source

ESMA shall electronically inform an applicant for authorisation as a CTP of its decision to grant or to refuse such authorisation within five working days following the adoption of a reasoned decision as referred to in Article 27db(3) of Regulation (EU) No 600/2014.

CHAPTER III — FINAL PROVISIONS

About this text

Commission Implementing Regulation (EU) 2025/1157 · binding · OJ L, 2025/1157, 3.11.2025 · dated 12 Jun 2025 [in force]

In force · Commission Implementing Regulation (EU) 2025/1157, OJ L, 2025/1157, 3.11.2025 · Checked against EUR-Lex on 26 Oct 2026 · Official source

Status: In force
Coverage: No English consolidation exists. We hold the text as verified on 26 October 2026; earlier dates show “We don’t hold the text for this date”.
Freshness: Release a4f2a049 published 1 Nov 2026, 17:41 CET. This article checked word for word against EUR-Lex on 26 Oct 2026.
Shown: The whole article.
Failures: None.
Incomplete: No.
Instrument: Commission Implementing Regulation (EU) 2025/1157 (ITS)
CELEX: 32025R1157
OJ reference: OJ L, 2025/1157, 3.11.2025
Drafted by: ESMA
Legal nature: Binding
Legal basis: Article 27d(5) and Article 27db(8) MiFIR
Adopted: 12 June 2025
In force: 23 November 2025
Corrigenda: None in English (CELLAR)
Related instruments: None recorded
Text on this page: Word for word — title, recitals, articles and annexes as in the OJ act; its 6 tables cell by cell, as laid out in the official text; not reproduced: citations, enacting formula, closing formula, signature and OJ footnotes

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Implements · Level 12

27dProcedures for granting and refusing applications for authorisation of ARMs and APAswhole act 27dbProcedures for granting and refusing applications for authorisation of CTPswhole act

Cited by · Level 30

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