A CTP shall include in its electronic data stream the data of one or more of the following asset classes:
bonds, excluding exchange traded commodities (ETCs) and exchange traded notes (ETNs);
ETC and ETNs bond types;
structured finance products;
interest rate derivatives;
foreign exchange derivatives;
contracts for differences;
emission allowance derivatives;
A CTP shall include in its electronic data stream the data made public pursuant to Articles 10 and 21 of Regulation (EU) No 600/2014 that meet both of the following coverage ratios:
the number of transactions published by a CTP in an asset class listed in paragraph 1 represents at least 80 % of the total number of transactions in the relevant asset class published in the United Kingdom by all APAs and all trading venues during the assessment period referred to in paragraph 3;
the volume of transactions published by a CTP in an asset class listed in paragraph 1 represents at least 80 % of the total volume of transactions in the relevant asset class published in the United Kingdom by all APAs and all trading venues during the assessment period referred to in paragraph 3.
For the purposes of point (b), the volume of transactions shall be determined in accordance with the measure of volume specified in Table 4 of Annex II to Commission Delegated Regulation (EU) 2017/583.
A CTP shall assess the coverage ratios set out in paragraph 2 every six months, based on data covering the preceding 6 months. The assessment periods shall start on 1 January and 1 July each year. The first period shall cover the first six months of the year 2019.
A CTP shall ensure that it reaches the minimum coverage ratios set out in paragraph 2 as soon as possible, and in any case not later than:
31 January of the calendar year following the period covering 1 January to 30 June;
31 July of the calendar year following the period covering 1 July to 31 December.
Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.
You are viewing the version of the document as on 2021-01-01.
Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.