ESMA issues update on bond CTP preparations
The European Securities and Markets Authority (ESMA) has published a statement urging market participants to prepare for the start of the activities of the Consolidated Tape Provider (CTP) for bonds. ESMA expects the European Commission to adopt its December 2024 draft technical standards without substantial changes and encourages market participants to use these standards for preparation. ESMA also provides an update on timing with regards to CTP selection which began in January 2025 and which it now expects to conclude by July 2025.