Recital 1

(1)Commission Delegated Regulation (EU) 2022/803 ² specifies the rules of procedure that apply to the European Securities and Markets Authority (‘ESMA’) for the exercise of the power to impose fines, as referred to in Article 38h of Regulation (EU) No 600/2014, or periodic penalty payments, as referred to in Article 38i of that Regulation, regarding data reporting service providers (‘DRSPs’). The scope of that Delegated Regulation was limited to approved publication arrangements and approved reporting mechanisms subject to ESMA supervision. The scope of that Delegated Regulation did not cover other DRSPs subject to ESMA supervision, including consolidated tape providers (‘CTPs’). That limited scope was due to the absence of DRSPs providing consolidated tape services in the Union and to the pending review of Regulation (EU) No 600/2014, which was amended by Regulation (EU) 2024/791 of the European Parliament and of the Council ³ (‘MiFIR reform’). The MiFIR reform entered into force on 28 March 2024.