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ESMA Q&A 2822 — Q&A — Consolidated Tape Provider (CTP) [Published Answer Updated]

Financial servicesLevel 3Q&AMiFIRAnswer updatedOfficial source

Consolidated Tape Provider (CTP)

Question

What types of transmission protocols may the CTP choose from, according to Article 22a(5) of MiFIR?

Answer

The CTP may select any of the types of transmission protocols that a data contributor makes available to other data users for the dissemination of data as specified in Article 13(1) of MiFIR.

Where a data contributor has outsourced its reporting to the CTP to a third party, the CTP may likewise select from the types of transmission protocols that this third party offers to other data users for the dissemination of data as specified in Article 13(1) of MiFIR.

A data contributor should not outsource CTP reporting for the purpose of intentionally restricting the CTP’s choice of transmission protocols.

Source: ESMA original document