In this act Article 22 of 26
Article 22 — Criteria for the temporary suspension of the participation in the revenue redistribution scheme (Article 27h(8), point (c), of Regulation (EU) No 600/2014)
Financial servicesLevel 2RTSMiFIRIn forceOfficial source
22(1)Copy link
1.When deciding whether to suspend the participation of a data contributor in the revenue redistribution scheme as laid down in Article 27h(8), point (c), of Regulation (EU) No 600/2014, the CTP for shares and ETFs shall take into account whether any of the following criteria is met:
22(1)(a)
(a)for three consecutive days, the data contributor has failed to submit trade reports or order reports or has submitted more than three trade reports or order reports later than as close to real time as is technically possible, as laid down in Article 3, and those trade reports or order reports account for at least a volume of transactions or orders that in a percentage is not lower than 10 % of the total volume of transactions or orders submitted in a single day;
Copy link22(1)(b)
(b)for three consecutive days, the data contributor has submitted more than three trade reports or order reports that are incomplete or contain potentially erroneous data, as laid down in Article 10, and those trade reports or order reports account for at least a volume of transactions or orders that in percentage is not lower than 10 % of the total volume of transactions or orders submitted in a single day;
Copy link22(1)(c)
(c)the data contributor no longer meets the minimum requirements for the quality of the transmission protocols set out in Article 2;
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