(15)The receipt of high-quality data is of the utmost importance for the functioning of the consolidated tapes and requires all data contributors and CTPs to timestamp their data in a synchronised manner. Regulation (EU) 2024/791 of the European Parliament and of the Councilnote therefore amended Regulation (EU) No 600/2014 to extend the requirement to synchronise business clocks to DPEs, to APAs and to CTPs. Since that requirement is now laid down in Article 22c of Regulation (EU) No 600/2014, Directive (EU) 2024/790 of the European Parliament and of the Councilnote deleted Article 50 of Directive 2014/65/EU of the European Parliament and of the Councilnote. Commission Delegated Regulation (EU) 2017/574note was adopted based on the empowerment set out in Article 50 of Directive 2014/65/EU. Following the deletion of that Article and the establishment of clock synchronisation requirements in Article 22c of Regulation (EU) No 600/2014, it is necessary to update the regulatory framework to reflect that legislative change. Consequently, Delegated Regulation (EU) 2017/574 should be repealed, and references to that Regulation should be understood as references to this Regulation.
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