ESMA announces further guidance on exclusion criteria for the selection of Consolidated Tape Providers

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is clarifying details for some of the documents that future applicants will be expected to provide when participating in the selection process for Consolidated Tapes Providers (CTPs).

During the first stage of the selection procedure, the exclusion criteria will be used to assess if applicants can be invited to submit their applications in the second stage of the procedure. ESMA will require specific documentation from applicants, including a declaration of honour and valid evidence on exclusion criteria.