Data Reporting Service Providers

On 1 January 2022, the ESMA took on its new mandate as direct supervisor of the largest EU Data Reporting Service Providers (DRSPs). Its new role gives ESMA direct authorisation and supervisory powers over DRSPs, except for those entities that, due to more limited market impact, will continue to be supervised by their Member State authority. ESMA, in exercising its new responsibilities, will build on its long-standing experience in supervising other types of entities like Credit Rating Agencies and Trade Repositories.

Please find more detailed information here.