2.

In order to allow competent authorities to monitor, pursuant to Article 26, the activities of investment firms to ensure that they act honestly, fairly and professionally and in a manner which promotes the integrity of the market, ESMA and the competent authorities shall establish the necessary arrangements in order to ensure that: ESMA and the competent authorities effectively receive the financial instrument reference data pursuant to paragraph 1; the quality of the data so received is appropriate for the purpose of transaction reporting under Article 26; the financial instrument reference data received pursuant to paragraph 1 is efficiently exchanged between the relevant competent authorities.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.