Article 27h 1.

collect all data transmitted by data contributors in relation to the asset class for which it is authorised;

collect fees from users, while providing access, free of charge, to the consolidated tape to retail investors, academics, civil society organisations and competent authorities;

in the case of the consolidated tape for shares and ETFs, redistribute part of its revenue in accordance with paragraph 6;

disseminate core market data and regulatory data to users as a continuous electronic live data stream on non-discriminatory terms as close to real time as technically possible;

ensure that the core market data and regulatory data are easily accessible, machine-readable and usable for all users, including retail investors;

have systems in place that can effectively check the completeness of the data transmitted by data contributors, identify obvious errors, and request the re-submission of data;

where the CTP is controlled by a group of economic operators, have a compliance system in place to ensure that the operation of the consolidated tape does not result in a distortion of competition.