Esma submits technical standards on non-equity tape

Given the complexity of the non-equity universe, Esma says it has taken a more pragmatic approach to the non-equity consolidated tape

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Steven Maijoor: "The consolidated data tape for non-equity products for the EU will enable investors to make more informed choices."

The European Securities and Markets Authority (Esma) has submitted to the European Commission its proposed regulatory technical standards on the non-equity consolidated tape. The newly submitted technical standards for non-equities were separated from the equity-specific standards sent to the commission in September 2015 as Esma considered that establishing a non-equity consolidated tape would be more complex to implement than one for equities.

A more pragmatic approach to the non-equity

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