ESMA_QA_2822

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/2822

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Regulatory Context

Regulation : MIFIR

Level 1 Regulation: Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014- Secondary Markets

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Data reporting services providers

Subject Matter: Consolidated Tape Provider (CTP)

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Question

Submission Date: 01 April 2026

What types of transmission protocols may the CTP choose from, according to Article 22a(5) of MiFIR?

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ESMA Answer

Answer Date: 01-04-2026

The CTP may select any of the types of transmission protocols that a data contributor makes available to other data users for the dissemination of data as specified in Article 13(1) of MiFIR.Where a data contributor has outsourced its reporting to the CTP to a third party, the CTP may likewise select from the types of transmission protocols that this third party offers to other data users for the dissemination of data as specified in Article 13(1) of MiFIR.A data contributor should not outsource CTP reporting for the purpose of intentionally restricting the CTP’s choice of transmission protocols.

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This document was automatically extracted from the ESMA EMIR Q&A database.