EU · MiFIR · TITLE IVa DATA REPORTING SERVICES · CHAPTER 2 Conditions for APAs, CTPs and ARMs

Article 27i MiFIROrganisational requirements for ARMs

In force

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

AI-generated What this provision does

Organisational requirements for ARMs: report transactions under Article 26 by the close of the following working day, prevent conflicts, meet DORA security requirements, check and correct errors in reports, have objective public access conditions with cost-related, separately disclosed prices and fees, and keep records for at least five years.

Amendments and application dates

Amending act	Change	Applies from
Regulation (EU) 2019/2175	Provision inserted; Text inserted	by 1 Jan 2022
Regulation (EU) 2024/791	Text inserted	28 Mar 2024
Regulation (EU) 2022/2554	Text amended	by 17 Jan 2025

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.

Level 3: ESMA Q&As, guidelines and opinions

GuidelinesPublishedESMA rulebook
ESMA80-634726060-3082: Guidelines On Internal Controls for Benchmark Administrators, Credit Rating Agencies and Market Transparency Infrastructures
ESMA · the ESMA website
AI summaryESMA guidelines of May 2026 (ESMA80-634726060-3082) on the internal control framework and internal control functions (such as compliance, risk management and internal audit) expected of entities ESMA supervises directly, including benchmark administrators, credit rating agencies, data reporting services providers other than consolidated tape providers, and securitisation repositories.
GuidelinesPublishedESMA rulebook
ESMA50-164-4285: Guidelines On outsourcing to cloud service providers
ESMA · the ESMA website
AI summaryESMA guidelines of May 2021 (ESMA50-164-4285) on outsourcing to cloud service providers by a wide range of firms, including fund managers and depositaries, CCPs, trade repositories and MiFID II investment firms and credit institutions providing investment services, covering governance and documentation, pre-outsourcing due diligence, key contract terms, information security, exit strategies, access and audit rights, sub-outsourcing, notifying authorities and supervision.

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) 2019/2175 (by 1 Jan 2022), after exit.

Version history

From 17 Jan 2025
From 28 Mar 2024 to 17 Jan 2025
From 1 Jan 2022 to 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.