Knowledge Base

← Market Functioning and Organization

Questions

Which type of service provider is responsible for transmitting transaction reports to the competent authorities?

APA
ARM
CTP
ESMA

What is the primary function of APAs (Approved Publication Arrangements) under MiFID II?

To ensure regulatory compliance of transactions
To publish details of transactions executed off-venue
To supervise market abuse
To consolidate data from multiple venues

What is the distinctive feature of data published by APAs compared to transactions on organised venues?

They always include the names of the parties involved
They include flags signalling specific conditions
They are always published with a one-day delay
They only contain the price and volume

What is an example of a licensed APA according to the text?

Euronext Paris
ESMA
EuroCTP
A systematic internaliser

Using an ARM releases the investment firm from its responsibility for the accuracy of reports.

True
False

Date of direct supervision by ESMA for DRSPs

Click to see answer

CTPs (Consolidated Tape Providers) only collect data from organised trading venues.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

APA
ARM
CTP
Categories:

High authorisation fees (100,000 euros)

Moderate authorisation fees