The European Securities and Markets Authority (ESMA) has launched the first selection procedure for a consolidated tape provider (CTP) for shares and exchange-traded funds. The selection process will be guided by the regulatory technical standards adopted by the European Commission on 12 June, which will be used as the basis for the assessment of some criteria. The contract notice and procurement documents can be accessed via ESMA's EU Funding & Tenders Portal, with the deadline for participation requests being 25 July. ESMA will review the submitted requests against the exclusion and selection criteria and will invite the successful candidates to submit a formal application. ESMA aims to finalise the selection by the end of this year, with the successful applicant operating the CTP for five years under its supervision.
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