(10)The correct functioning of a consolidated tape depends on the quality of the data that the consolidated tape provider receives. Regulation (EU) No 600/2014 sets out data quality requirements to which contributors to the consolidated tape should adhere. In order to ensure that investment firms and market operators operating an MTF or an OTF, and regulated markets, effectively meet those requirements, Member States should require that such investment firms, market operators and regulated markets have the necessary arrangements in place to do so.