Reform of European Financial Market Data and Transparency

by name voted on 16.01.2024

Summary

This proposal introduces a centralized 'consolidated tape' for real-time EU market data and bans payments received for forwarding client orders to protect retail investors.

9 16.01.2024

Report

economy

finance

business and competition

information technology and data processing

Key points

Establishment of a centralized market data stream, known as a consolidated tape, to provide real-time information on prices and volumes.
Implementation of a competitive selection procedure by ESMA to appoint single providers for different asset classes.
A ban on receiving payments or benefits for forwarding client orders to specific venues, with a transition period ending in mid-2026.
Harmonization of the rules regarding when transaction details can be delayed, replacing national discretion with EU-wide standards.

Vote

PPE

S&D

Renew

Verts/ALE

ECR

ID

NI

The Left

Total

Speeches

1 Speech in total

Pro

Contra

Roberta METSOLA

Roberta METSOLA

PPE

0:30 min

8. Negotiations ahead of Parliament’s first reading (Rule 71)

Documents (PDFs)

PROVISIONAL AGREEMENT RESULTING FROM INTERINSTITUTIONAL NEGOTIATIONS Proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 600/2014 as regards enhancing market data transparency, removing obstacles to the emergence of a consolidated tape, optimising the trading obligations and prohibiting receiving payments for forwarding client orders DRAFT REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 600/2014 as regards enhancing market data transparency, removing obstacles to the emergence of a consolidated tape, optimising the trading obligations and prohibiting receiving payments for forwarding client orders REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 600/2014 as regards enhancing market data transparency, removing obstacles to the emergence of a consolidated tape, optimising the trading obligations and prohibiting receiving payments for forwarding client orders Amendments to the Markets in Financial Instruments Regulation (MiFIR)

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