Information to competent authorities
- Submit required information to the competent authority and notify of material changes
Retained EU Law
2017
United Kingdom
Commission Delegated Regulation (EU) 2017/571 of 2 June 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards on the authorisation, organisational requirements and the publication of transactions for data reporting services providers (Text with EEA relevance)
At a glance
What's here
12 compliance obligations
Who this Act binds
Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Information on the organisation
- Include a detailed programme of operations in your data reporting services authorisation application
Conflicts of interest
- Maintain effective arrangements to prevent conflicts of interest
Organisational requirements regarding outsourcing
- Manage outsourcing arrangements responsibly
Business continuity and back-up facilities
- Ensure business continuity and back-up facilities
Testing and capacity
- Test, capacity-plan and stress-test your IT systems
Security
- Protect IT systems and data with physical and electronic security measures
Management of incomplete or potentially erroneous information by APAs and CTPs
Other duties (1) — Crown / regulator
- APAs and CTPs must accurately publish trade reports and manage errors Statutory regulator
Management of incomplete or potentially erroneous information by ARMs
- Manage incomplete or erroneous transaction reports as an ARM
Scope of the consolidated tape for bonds, structured finance products, emission allowances and derivatives
- Publish consolidated tape covering specified asset classes with minimum coverage
Identification of original and duplicative trade reports in shares, depositary receipts, ETFs, certificates and other similar financial instruments
- Mark duplicate trade reports with 'DUPL' code and require investment firms to prevent duplicates
Details to be published by the APA
- Publish transaction details with correct flags and precise UTC timestamps
Browse 10 other sections — procedural / definitional / commencement
Corporate governance
Information on the members of the management body
Connectivity of ARMs
Other services provided by CTPs
Machine readability
Scope of the consolidated tape for shares, depositary receipts, ETFs, certificates and other similar financial instruments
Publication of original reports in shares, depositary receipts, ETFs, certificates and other similar financial instruments
Non-discrimination
Details to be published by the CTP
Entry into force and application
Explore more
Browse legislation
Find other UK business legislation with related guidance.