(1)Article 2(1), point (36a), of Regulation (EU) No 600/2014 defines data reporting services providers (DRSPs) as approved publication arrangements (APAs), approved reporting mechanisms (ARMs), and consolidated tape providers (CTPs). Although those types of entities are engaged in different data reporting activities, Regulation (EU) No 600/2014 and Commission Delegated Regulation (EU) 2017/571 2 provided for a similar authorisation procedure. Regulation (EU) 2024/791 of the European Parliament and of the Council 3 amended Regulation (EU) No 600/2014 to introduce a distinction between the authorisation procedure for APAs and ARMs, on the one hand, and the authorisation procedure for CTPs, on the other hand. Regulation (EU) 2024/791 also amended organisational requirements for CTPs. Moreover, as of 2025, DRSPs are required to comply with Regulation (EU) 2022/2554 of the European Parliament and of the Council 4 . To reflect those changes, Delegated Regulation (EU) 2017/571 should be repealed and replaced by a new Regulation.
Recital 1
Recital 1
- 2 Commission Delegated Regulation (EU) 2017/571 of 2 June 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards on the authorisation, organisational requirements and the publication of transactions for data reporting services providers ( OJ L 87, 31.3.2017, p. 126 , ELI: http://data.europa.eu/eli/reg_del/2017/571/oj ). ↩
- 4 Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector and amending Regulations (EC) No 1060/2009, (EU) No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU) 2016/1011 ( OJ L 333, 27.12.2022, p. 1 , ELI: http://data.europa.eu/eli/reg/2022/2554/oj ). ↩
- 3 Regulation (EU) 2024/791 of the European Parliament and of the Council of 28 February 2024 amending Regulation (EU) No 600/2014 as regards enhancing data transparency, removing obstacles to the emergence of consolidated tapes, optimising the trading obligations and prohibiting receiving payment for order flow ( OJ L, 2024/791, 8.3.2024, ELI: http://data.europa.eu/eli/reg/2024/791/oj ). ↩