Source: OJ L, 2025/417, 14.3.2025

Current language: EN

Article 4 Real time publication of transactions


Summary What does Article 4 of the RTS on trading platform transparency data say?

This article builds directly on Article 3, which establishes what transaction details must be disclosed, by adding a strict timing requirement for when that disclosure must occur.

It sets a clear deadline for crypto-asset service providers operating trading platforms to publish post-trade transaction data, anchoring the obligation to the moment of execution.

Important points:

  • Publish full transaction details as close to real-time as is technically possible after each trade is executed.
  • The absolute maximum time allowed between execution and public disclosure is thirty seconds — there are no exceptions to this deadline.
  • This obligation applies to crypto-asset service providers operating a trading platform, specifically for transactions executed on their own platforms.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

For transactions executed on their crypto-asset trading platforms, crypto-asset service providers operating a trading platform for crypto-assets shall make public the details of each transaction as set out in Tables 1, 2 and 3 of Annex II as close to real-time as is technically possible and in any case within thirty seconds after the execution of the transaction.

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