EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/13.II.2:13.II.2 Authorisation and ongoing supervision

EU Equity pre- and post-trade transparency regulation (LBF vol. 21) 2021/13.II.2

13.II.2 Authorisation and ongoing supervision

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

MiFID II requires APAs and CTPs to fulfill certain requirements to ensure high quality and consistent data, such as fast access to the information and publication according to certain MiFID II standards.1 Under the current MiFID II regime, APAs and CTPs can only engage in their activities in case the NCA of their home Member State authorizes them.2 APAs and CTPs are subject to ongoing supervision by the NCA (the regime changes from 1 January 2022, see paragraph below).3 An APA or CTP is in principle an independent entity, but an investment firm (including an MTF) or market operator of an RM can also offer the services of an APA or CTP. Such an investment firm or market operator can only do so where it meets the MiFID II requirements for APAs and/or CTPs.4 In case an NCA authorizes a person as an APA or CTP, the APA or CTP can perform its activities throughout the EEA (European passport).5

Deze functie is alleen te gebruiken als je bent ingelogd.