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2025/1155","number":"2025/1155","celex":"32025R1155","title_official":"COMMISSION DELEGATED REGULATION (EU) 2025/1155 of 12 June 2025 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards specifying the input and output data of consolidated tapes, the synchronisation of business clocks and the revenue redistribution by the consolidated tape provider for shares and ETFs, and repealing Commission Delegated Regulation (EU) 2017/574 (Text with EEA relevance)","document_date":"2025-06-12"},"position":{"kind":"article","key":"3","index":3,"articles":26,"annexes":5},"prev":{"path":"/mifir/level-2/rts/2025-1155-commission-delegated-regulation-eu-2025-1155-of-12-june/articles/2","key":"2","title":"Article 2 — Minimum requirements for the quality of transmission protocols (Article 22a(1) of Regulation (EU) No 600/2014)"},"next":{"path":"/mifir/level-2/rts/2025-1155-commission-delegated-regulation-eu-2025-1155-of-12-june/articles/4","key":"4","title":"Article 4 — Data standards and format for the transmission of input data (Article 22a(1) and Article 22b(3), point (d), of Regulation (EU) No 600/2014)"},"act_anchor":"#art-3"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_del/2025/1155/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mifir/level-2/rts/2025-1155-commission-delegated-regulation-eu-2025-1155-of-12-june.md","unit_text_sha256":"4f6f5368ae0ec3ef8dcc28be0ac142c83e7b84a60248830db198d63b2982ea8b","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/mifir/level-2/rts/2025-1155-commission-delegated-regulation-eu-2025-1155-of-12-june/art-3","kind":"article","key":"3","heading":"Article 3 — Real time transmission of data (Article 22a(1) of Regulation (EU) No 600/2014)","text":"## <a id=\"art-3\"></a>Article 3 — Real time transmission of data (Article 22a(1) of Regulation (EU) No 600/2014)\n\n1. <a id=\"art-3-p-1\"></a>Data contributors shall transmit input data to the data centres of the CTPs as close to real time as technically possible and without artificial delays.\n1. <a id=\"art-3-p-2\"></a>Data contributors shall transmit to the CTP for shares and ETFs pre-trade input data as close to real time as is technically possible and in any case no later than 50 milliseconds after the timestamp of the order with a 95 % of confidence interval measured on a daily basis.\n1. <a id=\"art-3-p-3\"></a>Data contributors shall transmit to the CTP for shares and ETFs post-trade input data related to transactions executed on a trading venue as close to real time as is technically possible and in any case no later than 50 milliseconds after the timestamp of the transaction with a 95 % of confidence interval measured on a daily basis.\n1. <a id=\"art-3-p-4\"></a>Data contributors shall transmit to the CTP for shares and ETFs post-trade input data related to transactions executed outside of a trading venue as close to real time as is technically possible and in any case within 50 milliseconds after the timestamp of the reception of the trade report from the investment firm or DPE with a 95 % of confidence interval measured on a daily basis.\n1. <a id=\"art-3-p-5\"></a>Data contributors shall transmit to the CTP for bonds and to the CTP for OTC derivatives post-trade input data related to transactions executed on a trading venue as close to real time as is technically possible and in any case within 500 milliseconds after the timestamp of the execution of the relevant transaction.\n1. <a id=\"art-3-p-6\"></a>Data contributors shall transmit to the CTP for bonds and to the CTP for OTC derivatives post-trade input data related to transactions executed outside of a trading venue as close to real time as is technically possible and in any case within 500 milliseconds after the timestamp of the reception of the trade report from the investment firm or DPE.\n\n","marks":[],"text_hash":"4f6f5368ae0ec3ef8dcc28be0ac142c83e7b84a60248830db198d63b2982ea8b","revision":1}}