Recital 22

Regulation (EU) 2024/791 of the European Parliament and of the Council of 28 February 2024 amending Regulation (EU) No 600/2014 as regards enhancing data transparency, removing obstacles to the emergence of consolidated tapes, optimising the trading obligations and prohibiting receiving payment for order flow (Text with EEA relevance) · European Union

(22) Reporting in financial markets – in particular transaction reporting – is already highly automated and data are fairly standardised. Some inconsistencies between frameworks have already been resolved in Regulation (EU) No 648/2012, Regulation (EU) 2015/2365 of the European Parliament and of the Council (9) and the Commission’s Regulatory Fitness and Performance (REFIT) programme. The empowerments of ESMA should be aligned to require ESMA to develop draft regulatory technical standards and ensure greater consistency in transaction reporting between the frameworks of those Regulations and that of Regulation (EU) No 600/2014. This will improve transaction data quality and avoid unnecessary additional costs for the industry. Furthermore, the transaction reporting should allow for a broad exchange of transaction data among competent authorities, in order to adequately reflect their evolving supervisory needs to monitor the most recent market developments and potential related risks.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-13 · Text as adopted (Official Journal); later amendments are not incorporated in this text.