On 30 September 2024, the European Securities and Markets Authority (ESMA) issued a press release containing further details on the selection of Consolidated Tape Providers (CTPs) for bonds and for shares and exchange-traded funds (ETFs).
Key points from the communication include:
- ESMA will launch the selection procedure for the CTP for bonds on 3 January 2025.
- ESMA intends to adopt a reasoned decision on the selected applicant within 6 months of the launch, i.e. by early July 2025.
- ESMA will launch the selection procedure for the CTP for shares and ETFs in June 2025 with the intention of adopting a reasoned decision on the selected applicant by the end of 2025.
- Each selection procedure will be launched with the publication of a contract notice and procurement documents on the EU Funding & Tenders Portal. Prospective applicants are invited to register and familiarise themselves with the Portal.
- In the coming weeks, ESMA intends to share additional guidance on the assessment of exclusion criteria.