On 1 December 2021, the European Securities and Markets Authority (ESMA), announced that it will begin publishing information on trading venues with the highest turnover for bonds. This information is needed by Central Securities Depositories (CSDs) to apply cash penalties under the CSD Regulation.

ESMA aims to publish the first data by 1 February 2022 and will update quarterly. This will allow for centralised and transparent information for the application of cash penalties for bonds.

In line with its Strategic Orientation 2020-2022, ESMA will publish information on trading venues identified by Market Identifier Code (MIC) and update it on a quarterly basis.

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