2025R1155 - Summary
COMMISSION DELEGATED REGULATION (EU) 2025/1155 of 12 June 2025 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards specifying the input and output data of consolidated tapes, the synchronisation of business clocks and the revenue redistribution by the consolidated tape provider for shares and ETFs, and repealing Commission Delegated Regulation (EU) 2017/574 (Text with EEA relevance)
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🔗 Back to Summary. 🇫🇷 French Version: 2025R1155_FR.0. Back to Summary of LVL1. Direct link to EUR-LEX.
Article 1 - Definitions
Article 2 - Minimum requirements for the quality of transmission protocols
Article 3 - Real time transmission of data
Article 4 - Data standards and format for the transmission of input data
Article 5 - Data to be transmitted to the CTP for bonds
Article 6 - Data to be transmitted to the CTP for shares and ETFs
Article 7 - Data to be disseminated by the CTP for bonds
Article 8 - Data to be disseminated by the CTP for shares and ETFs
Article 9 - Dissemination of output data to ensure machine-readability and human-readability
Article 10 - Management of incomplete or potentially erroneous information by CTPs
Article 11 - Reference time
Article 12 - Level of accuracy for operators of trading venues and systematic internalisers
Article 13 - Level of accuracy for members, participants or users of a trading venue
Article 14 - Level of accuracy for DPEs
Article 15 - Level of accuracy for APAs and CTPs
Article 16 - Compliance with the maximum divergence requirements
Article 17 - Determination of the amount of the revenue to be redistributed, of the eligible data contributors, and the relevant assessment periods
Article 18 - Methodology for calculating the amount of the revenue to be redistributed to eligible data contributors meeting the criterion under Article 27h(6), point (a), of Regulation (EU) No 600/2014
Article 19 - Methodology for calculating the amount of revenues to be redistributed to eligible data contributors meeting the criterion under Article 27h(6), point (b), of Regulation (EU) No 600/2014
Article 20 - Methodology for calculating the amount of revenues to be redistributed to eligible data contributors meeting the criterion under Article 27h(6), point (c), of Regulation (EU) No 600/2014
Article 21 - Methodology for determining the amount of revenue to be redistributed
Article 22 - Criteria for the temporary suspension of the participation in the revenue redistribution scheme
Article 23 - Procedure for the temporary suspension of the participation in the revenue redistribution scheme
Article 24 - Conditions for the resumption of revenue redistribution and for the provision of revenue retained plus interest
Article 25 - Repeal
Article 26 - Entry into force and application
Annex I - Minimum requirements for the quality of the transmission protocols referred to in Article 2
Annex II - Regulatory data and post-trade core market data to be transmitted to and disseminated by the CTP for bonds, and the CTP for shares and ETFS according to Articles 5, 6, 7 and 8
Annex III - Pre-trade data to be transmitted to and disseminated by the CTP for shares and ETFs according to Articles 6 and 8
Annex IIII - Level of accuracy of business clocks
Annex V - Correlation table referred to in Article 25