The Final Report sets out guidelines on the requirements to publish market data on a reasonable commercial basis and to make market data available free of charge 15 minutes after publication.
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its Final Report
on Guidelines on the MiFIDII/MiFIR obligations on market data.
The Guidelines, by providing clarity for market
participants, will ensure better and uniform application of these MiFID
II/MiFIR obligations. The guidelines apply to national competent
authorities, trading venues, approved publication arrangements,
consolidated tape providers and systematic internalisers.
Next steps
The application date for the Guidelines is set on 1 January 2022 to
allow for an adequate period of implementation by market participants.
The Guidelines will first be translated into all EU official languages.
Then the regular comply or explain procedure will be carried out ahead
of full application of the Guidelines.
ESMA
© ESMA
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