EU · MiFIR · TITLE IVa DATA REPORTING SERVICES · CHAPTER 1 Authorisation of data reporting services providers

Article 27db MiFIRProcedures for granting and refusing applications for authorisation of CTPs

In force

Read the official text on EUR-Lex(opens in a new tab)

AI-generated What this provision does

Sets ESMA's procedure for authorising consolidated tape providers selected under Article 27da: a completeness check within 20 working days, a reasoned decision within three months of a complete application with operating conditions, a possible transition period, ongoing compliance, and withdrawal taking effect only once a replacement CTP is authorised.

Amendments and application dates

Amending act	Change	Applies from
Regulation (EU) 2024/791	Provision inserted	28 Mar 2024

Level 2: delegated and implementing acts

RTSIn forceLegal basis
Commission Delegated Regulation (EU) 2025/1143 of 12 June 2025 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards on the authorisation and organisational requirements for approved publication arrangements and approved reporting mechanisms, and on the authorisation requirements for consolidated tape providers, and repealing Commission Delegated Regulation (EU) 2017/571
European Commission · 3 Nov 2025 · EUR-Lex
AI summaryRTS under the 2024 MiFIR review on authorisation and organisational requirements for APAs and ARMs (including digital operational resilience under DORA, error handling, ARM connectivity and APA publication details) and on the information CTP applicants must give ESMA. Repeals Delegated Regulation 2017/571 and applies from 23 November 2025.
ITSIn forceLegal basis
Commission Implementing Regulation (EU) 2025/1157 of 12 June 2025 laying down implementing technical standards for the application of Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to the standard forms, templates and procedures for the authorisation of approved publication arrangements, approved reporting mechanisms and consolidated tape providers, and related notifications, and repealing Commission Implementing Regulation (EU) 2017/1110
European Commission · 3 Nov 2025 · EUR-Lex
AI summaryITS under the 2024 MiFIR review setting standard forms, templates and procedures for applying for authorisation as an APA, ARM or consolidated tape provider, and for related notifications such as changes to the management body. Repeals Implementing Regulation 2017/1110.

Commentary

No law-firm commentary is linked to this provision yet.

219 more documents relate to MiFIR as a whole without naming an article.

UK counterpart

No UK counterpartExplicit reference
Inserted in the EU by Regulation (EU) 2024/791 (from 28 Mar 2024), after exit.

Version history

From 28 Mar 2024

Each entry is a consolidated version of the act on EUR-Lex in which this provision appears. The text itself is on the official site.