{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-04-01","gaps":[],"covered":["ESMA Q&A 2821 — Q&A — Consolidated Tape Provider (CTP) [Published Answer Updated] L3"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"the ESMA publication"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mifir/level-3/q-and-a/esma/esma-qa-2821-consolidated-tape-provider-ctp","url":"https://www.headlesslaw.com/mifir/level-3/q-and-a/esma/esma-qa-2821-consolidated-tape-provider-ctp","title":"ESMA Q&A 2821 — Q&A — Consolidated Tape Provider (CTP) [Published Answer 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[Published Answer Updated]","attribution":{"prepared_by":"ESMA","published_by":"ESMA","published_in":"ESMA Q&A tool","document_type":"qa_answer","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"last_updated":"2026-04-01","question_submitted_on":"2026-04-01","locators":{"last_updated":"ESMA Q&A Excel export ESMA_QA_2821, column 'Esma responses', date line","question_submitted_on":"ESMA Q&A Excel export ESMA_QA_2821, column 'Date of submission'"}},"adoption":null}},"provenance":{"official_url":"https://www.esma.europa.eu/publications-data/questions-answers/2821","check":{"result":"matched","checked_at":"2026-10-26","against":"the ESMA publication"},"repo_path":"spaces/mifir/level-3/q-and-a/esma/esma-qa-2821-consolidated-tape-provider-ctp.md","body_sha256":"9e44bf358243def01e7d7365c902cd2ab011d640d02046328c640e64b6c90444"},"units":[],"markdown":"---\ntitle: \"ESMA Q&A 2821 — Q&A — Consolidated Tape Provider (CTP) [Published Answer Updated]\"\nshortTitle: \"ESMA Q&A 2821 — Q&A — Consolidated Tape Provider (CTP) [Published Answer Updated]\"\nanswer_id: ESMA_QA_2821\ntopic: \"Data reporting services providers\"\nstatus: \"Published Answer Updated\"\ntype: qa\ninstrument_type: qa\nauthority: ESMA\nbinding: false\nbinding_character: non_binding\nlegal_status: in_force\nregulation: \"MiFIR\"\nmifir_level3: true\nmica_level2: false\nlegal_basis: \"Article 22 of MiFIR\"\ndate: 1 April 2026\nsource_link: https://www.esma.europa.eu/publications-data/questions-answers/2821\nlifecycle: \"Published Answer Updated\"\ntext_version: \"ESMA Q&A register, 1 April 2026\"\nsource_url: \"https://www.esma.europa.eu/publications-data/questions-answers/2821\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\nchecked_against: \"the ESMA publication\"\nsource:\n  prepared_by: \"ESMA\"\n  published_by: \"ESMA\"\n  published_in: \"ESMA Q&A tool\"\n  evidence:\n    prepared_by: \"ESMA Answer\"\n    locator: \"ESMA Q&A entry ESMA_QA_2821: field 'ESMA Answer', no 'Answer provided by' line\"\ndocument_type: \"qa_answer\"\nlegal_nature: \"not_legislation\"\naddressees: \"not stated in the document\"\ndates:\n  last_updated: \"2026-04-01\"\n  question_submitted_on: \"2026-04-01\"\n  locators:\n    last_updated: \"ESMA Q&A Excel export ESMA_QA_2821, column 'Esma responses', date line\"\n    question_submitted_on: \"ESMA Q&A Excel export ESMA_QA_2821, column 'Date of submission'\"\nlifecycle_label: \"Published Answer Updated\"\n---\n\n**Answer by ESMA, published in its Q&A tool · not legislation · updated 1 Apr 2026 [Published Answer Updated]**\n\n*Published Answer Updated · ESMA Q&A register, 1 April 2026 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/2821)*\n\n| | |\n|---|---|\n| **Full title** | ESMA Q&A 2821 — Q&A — Consolidated Tape Provider (CTP) \\[Published Answer Updated\\] |\n| **Prepared by** | ESMA |\n| **Published by** | ESMA, in the ESMA Q&A tool |\n| **Reference** | ESMA_QA_2821 |\n| **Document type** | Q&A |\n| **Legal nature** | Not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Updated 1 April 2026; question submitted 1 April 2026 |\n| **Legal basis** | Article 22 of MiFIR |\n| **Related instruments** | None recorded |\n| **Text on this page** | Word for word — the full text of the ESMA publication |\n\n**Consolidated Tape Provider (CTP)**\n\n### Question\n\nCan a data contributor outsource data reporting to the CTP to a third party, such as another data contributor?\n\n***\n\n### Answer\n\nThe legal obligation to report data to the consolidated tape lies with the data contributors themselves (see Article 22a of MiFIR). While data reporting to the CTP may be outsourced – for example, from a trading venue to an APA, or from one trading venue to another – such outsourcing does not relieve the original data contributor of its legal obligations and accountabilities, including those relating to data quality.\n\nIn particular, in the light of such legal obligations, outsourcing of CTP reporting should not introduce artificial latency into the reported data, not be undertaken for the purpose of intentionally restricting the CTP’s choice of transmission protocols or otherwise undermining the CTP’s mission.\n\n***\n\n**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/2821)\n\n## Related Level 1 articles\n\n- [Article 22 — Providing information for the purposes of transparency and other calculations](../../../articles/22.md)\n"}