ESMA_QA_2824
Status: ✅ Answer Published
Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/2824
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)
Question
Submission Date: 01 April 2026
What status must be reported when an instrument is reported for the first time to the CTP?
ESMA Answer
Answer Date: 01-04-2026
The initial status of individual financial instruments is reported for the first time from data contributors to the CTP in the following cases: (i) when the activities of the CTP start (i.e. the status should be ACTV, unless the instrument is already suspended or halted); and (ii) when an instrument is newly admitted to trading (i.e, the status should be ACTV); In essence, the initial message establishes the baseline status that the CTP will disseminate until a subsequent change is reported. Please find below some examples:
Instrument Publication venue Status prior to go live T-1 CTP go live date: T …/… other phase changes sent throughout T T+1 T+N
ABC MIC1 ACTV MIC1 sends a message with Trading phase set to ‘SOAU’ and status set to ‘ACTV’ MIC1 sends a message with Trading phase set to new values MIC1 sends a message with Trading phase set to ‘SOAU’ MIC1 sends a message with status set to ‘RMOV’
CTP N/A CTP sends a message with Trading phase set to ‘SOAU’ and status set to ‘ACTV’ CTP sends a message with Trading phase set to those values and status set to ‘ACTV’ CTP sends a message with Trading phase set to ‘SOAU’ and status set to ‘ACTV’ CTP sends a message with status set to ‘RMOV’
DEF MIC2 SUSP MIC2 sends a message with status set to ‘SUSP’ No messages sent MIC2 sends a message with Trading phase set to ‘SOAU’ and instrument status set to ‘ACTV’
CTP N/A CTP sends a message with status set to ‘SUSP’ CTP sends a message with status set to ‘SUSP’ CTP sends a message with Trading phase set to ‘SOAU’ and status set to ‘ACTV’
This document was automatically extracted from the ESMA EMIR Q&A database.