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Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 28 March 2024 - onwards
Version 3 of 3

Article 27h Organisational requirements for CTPs

1.A CTP shall, in accordance with the conditions for authorisation referred to in Article 27db:

(a) collect all data transmitted by data contributors in relation to the asset class for which it is authorised;

(b) collect fees from users, while providing access, free of charge, to the consolidated tape to retail investors, academics, civil society organisations and competent authorities;

(c) in the case of the consolidated tape for shares and ETFs, redistribute part of its revenue in accordance with paragraph 6;

(d) disseminate core market data and regulatory data to users as a continuous electronic live data stream on non-discriminatory terms as close to real time as technically possible;

(e) ensure that the core market data and regulatory data are easily accessible, machine-readable and usable for all users, including retail investors;

(f) have systems in place that can effectively check the completeness of the data transmitted by data contributors, identify obvious errors, and request the re-submission of data;