On 3 November 2025, the following technical standards were published in the Official Journal of the EU (OJ) enabling the creation of the consolidated tape:
- Commission Delegated Regulation (EU) 2025/1143 of 12 June 2025 supplementing the Markets in Financial Instruments Regulation (MiFIR) with regard to regulatory technical standards (RTS) on the authorisation and organisational requirements for approved publication arrangements and approved reporting mechanisms, and on the authorisation requirements for consolidated tape providers, and repealing Commission Delegated Regulation (EU) 2017/571. This Delegated Regulation enters into force on the twentieth day following that of its publication in the OJ.
- Commission Delegated Regulation (EU) 2025/1155 of 12 June 2025 supplementing MiFIR with regard to RTS specifying the input and output data of consolidated tapes, the synchronisation of business clocks and the revenue redistribution by the consolidated tape provider for shares and ETFs, and repealing Commission Delegated Regulation (EU) 2017/574. This Delegated Regulation enters into force on the twentieth day following that of its publication in the OJ (23 November 2025). Articles 11 to 16 shall apply from 2 March 2026. Delegated Regulation (EU) 2017/574 is repealed with effect from 2 March 2026.
- Commission Delegated Regulation (EU) 2025/1156 of 12 June 2025 supplementing MiFIR with regard to RTS on the obligation to make market data available to the public on a reasonable commercial basis. This Delegated Regulation enters into force on the twentieth day following that of its publication in the OJ (23 November 2025). For market operators and investment firms operating a trading venue, approved publication arrangements and systematic internalisers which are authorised before 23 November 2025, this Delegated Regulation shall apply from 23 August 2026.
- Commission Implementing Regulation (EU) 2025/1157 of 12 June 2025 laying down implementing technical standards for the application of MiFIR with regard to the standard forms, templates and procedures for the authorisation of approved publication arrangements, approved reporting mechanisms and consolidated tape providers, and related notifications, and repealing Commission Implementing Regulation (EU) 2017/1110. This Delegated Regulation enters into force on the twentieth day following that of its publication in the OJ (23 November 2025). Implementing Regulation (EU) 2017/1110 is repealed.
- Commission Delegated Regulation (EU) 2025/1246 of 18 June 2025 amending the RTS laid down in Delegated Regulations (EU) 2017/583 and (EU) 2017/587 as regards transparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances, and equity instruments. This Delegated Regulation enters into force on the twentieth day following that of its publication in the OJ (23 November 2025). Article 1, Article 2, point (2), points (3)(a) and (c), point (5), point (10)(a), and point (13) shall apply from 2 March 2026.