ESMA has clarified the documents that firms bidding to be consolidated tape providers (CTP) must provide during the application process.
In the first stage of selection, exclusion criteria will be used to determine whether an applicant is suitable to take part in the bids. Participants must provide evidence of an absence of convictions for legal and natural persons, non-bankruptcy and financial status, compliance with fiscal obligations and social security obligations, and proof of identity.
Specific documents including a declaration of honour and valid evidence on exclusion criteria, such as judicial records and non-bankruptcy certificates, must be provided. These documents may differ by EU Member State.
The CTP selection procedure will begin on 3 January for bonds, and in June for shares and ETFs.
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