On 29 March 2022, the European Securities and Markets Authority (ESMA) published a final report (dated 23 March 2022) containing draft regulatory technical standards (RTS) under Article 27f(5) of MiFIR for the assessment of the suitability of members of the management body of data reporting services providers (DRSPs). The ESMA also provides in the final report its feedback on the responses it received to its earlier consultation on the draft RTS.
The final report and the draft RTS have been submitted to the European Commission for adoption. The Commission has to decide whether to endorse the draft RTS within three months. Following the endorsement of the draft RTS by the Commission in the form of a Commission Delegated Regulation, the text will then be subject to the non-objection of the European Parliament and of the Council.