CTP meaning

In this issue EU fundamentals Competition and state aid Data protection and cybersecurity Financial services Energy Environment Insurance and reinsurance Life sciences Regulatory TMT Daily and weekly news alerts New and updated content Trackers EU fundamentals EU Law—key developments in 2025 and horizon scanning for 2026 This News Analysis distils the principal EU developments from 2025 and highlights what is expected in 2026. See News Analysis: EU Law—key developments in 2025 and horizon scanning for 2026. Competition and state aid Antitrust—Google and Alphabet v Commission An application for annulment has been submitted to the General Court in Case T-794/25, Google and Alphabet v Commission, contesting the Commission’s prohibition decision on Adtech and data-related practices (abuse of dominance) (AT.40670), under Article 102 TFEU and Article 54 of the EEA Agreement—see further, application. See News Analysis: EU Competition law—daily round-up (12/01/2026). Foreign Subsidies Regulation—Commission’s guidelines The Commission...

Financial services developments Berne Financial Services Agreement enters into force The Berne Financial Services Agreement (BFSA) between the UK and Switzerland took effect on 1 January 2026. It applies outcomes‑based mutual recognition of domestic rules and regulations to facilitate cross‑border provision of financial services to wholesale and sophisticated clients. These arrangements are aimed at wholesale and sophisticated clients. UK firms can offer certain wholesale insurance services into Switzerland without supervisory authorisation from Swiss supervisory authorities. For investment services, Swiss firms may access the UK to provide certain wholesale investment services without authorisation. The Prudential Regulation Authority (PRA) has released a webpage on the BFSA, alongside details of the associated notification process. Further details are on the PRA page. An insurer authorised in the UK may deliver covered services to Swiss clients without establishing a local presence or obtaining local authorisation. To do this, they must notify the PRA and the Financial Conduct Authority (FCA), who will then notify the...

In this issue: Beyond Brexit UK, EU and international regulators and bodies Authorisation, approval and supervision Prudential requirements Operational resilience Complaints, compensation and claims management Financial crime and sanctions Consumer credit, mortgage and home finance Conduct requirements Investigations, enforcement and discipline Regulation of capital markets Regulation of derivatives Sustainable finance and ESG Banks and mutuals Investment funds and asset management UK MiFID II EU MiFID II Regulation of insurance Payment services and systems Fintech and cryptoassets LexTalk®Financial Services: a Lexis®Nexis community Dates for your diary Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts Beyond Brexit FCA updates guidance on the financial services contracts regime, temporary permissions regime and leaving SRO or CRO The Financial Conduct Authority (FCA) has refreshed its guidance covering the temporary permissions regime, the financial services contracts regime, and how firms...

This Practice Note outlines the data reporting services providers (DRSPs) framework introduced by the recast Markets in Financial Instruments Directive (Directive 2014/65/EU) (EU MiFID II) and the Markets in Financial Instruments Regulation (Regulation (EU) 600/2014) (EU MiFIR). It provides a synopsis of the obligations for approved publication arrangements (APAs), consolidated tape providers (CTPs) and approved reporting mechanisms (ARMs), which are integral to the pre- and post-trade transparency and transaction reporting regimes under EU MiFIR, and flags the principal updates to the DRSP regime made by Regulation (EU) 2024/791 (the MiFIR Review)... Regulatory overview EU MiFIR requires investment firms, including systematic internalisers (SIs), to make post-trade information public through an approved publication arrangement (APA). An APA is a person authorised under EU MiFIR to provide the service of publishing trade reports for investment firms. A consolidated tape provider (CTP) is a person authorised under EU MiFIR to offer the service of gathering post-trade reports for financial instruments from regulated markets, multilateral trading facilities (MTFs), organised trading facilities (OTFs) and...