AI Summary of Article 22 Providing information for the purposes of transparency and other calculations
The provision outlines the responsibilities of trading venues, Approved Publication Arrangements (APAs), and Consolidated Tape Providers (CTPs) in relation to data management for pre-and post-trade transparency and trading obligations as described in specified articles. It mandates these entities to retain necessary data for adequate durations to comply with information requests from ESMA and competent authorities.
Furthermore, ESMA is tasked with developing draft regulatory technical standards that will clarify the specifics of data requests, including content, frequency, and storage obligations, thereby ensuring a cohesive approach towards regulatory compliance in the financial sector.
Article 22 Providing information for the purposes of transparency and other calculations
1.In order to carry out calculations for determining the requirements for the pre-and post-trade transparency and the trading obligation regimes referred to in Articles 3 to 11a, 14 to 21 and 32 which are applicable to financial instruments, and in order to prepare reports to the Commission in accordance with Article 4(4), Article 7(1), Article 9(2), Article 11(3) and Article 11a(1), ESMA and competent authorities may require information from:
2. Trading venues, APAs and CTPs shall store the necessary data for a sufficient period.