Database on German and European Economic Law

 Regulation (EU) No 2017/571

I. Description

In accordance with Directive   2014/65/EU data reporting services providers cover three different types of entities: approved reporting mechanisms (ARMs), approved publication arrangements (APAs) and consolidated tape providers (CTPs). Although those types of entities are engaged in different activities, Directive   2014/65/EU provides for a similar authorisation process for all of those entities.

An applicant seeking authorisation as a data reporting services provider should provide in its application for authorisation a programme of operations and an organisational chart. The organisational chart should identify who is responsible for the different activities to enable the competent authority to assess whether the data reporting services provider has sufficient human resources and oversight over its business. The organisational chart should not only cover the scope of the data reporting services, but should also include any other services that the entity provides as this may highlight areas which may affect the independence of the data reporting services provider and give rise to a conflict of interest. An applicant seeking authorisation as a data reporting services provider should also provide information on the composition, functioning and independence of its governing bodies in order for competent authorities to be able to assess whether the policies, procedures and corporate governance structure ensure the independence of the data reporting services provider and the avoidance of conflicts of interest.

II. General Information

Title

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

Status
Existing
Regulation
(EU) No 2017/571
Source
O.J. EU No L (Legislation), Edition 87, Year 2017, p.126
Adoption
06/02/2016
Promulgation
03/31/2017
Character
Lamfalussy Implementing Act
Framework Act
  Richtlinie 2014/65/EU

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
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

  (EU) No 2017/571

Beschluss:
06/02/2016 (A)
Verkuendung:
03/31/2017 (P)
(A) Adoption | (P) Promulgation

Legend

Legislative Act Status

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions