ESMA simplifies MiFID II/ MiFIR obligations on market data

ESMA has withdrawn its MiFID II/MiFIR market data guidelines to simplify rules and reduce compliance burdens. This move aligns with the newly applicable Regulatory Technical Standards on the obligation to make market data available on a reasonable commercial basis (RTS on RCB). The RTS on RCB became effective on November 23, 2025. Market data providers authorized before this date have a transition period until August 22, 2026. This period allows them to align existing contractual arrangements with the new RTS requirements. ESMA encourages stakeholders to report any issues regarding these rules and the RTS on RCB application via email. The original guidelines were published on August 18, 2021. The withdrawal reflects ESMA's ongoing commitment to regulatory streamlining. The decision is effective immediately. This simplification benefits market participants by reducing unnecessary administrative tasks.