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EFAMA's reply to ESMA's CP on RTS specifying the scope of the consolidated tape for non-equity financial instruments

Capital Markets | Data | Distribution & Client Disclosures | MiFID/MiFIR
04 December 2016 | Policy position
Capital Markets
Data
Distribution & Client Disclosures
MiFID/MiFIR
EFAMA's reply to ESMA's CP on RTS specifying the scope of the consolidated tape for non-equity financial instruments

EFAMA supports every efforts made to enhance financial markets regulation which reinforces the stability and the transparency of the financial system.

 

In that perspective, EFAMA welcomes the opportunity to comment on the ESMA Consultation Paper on RTS specifying the scope of the consolidated tape for non-equity financial instruments. We consider that a consolidate tape (“CT”) is a key positive factor for price formation and transparency.

 

Prior to replying to the consultation, we wish to make the following general remarks

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