fairCT, the entity selected by the European Securities and Markets Authority (ESMA) to operate the European Bond Consolidated Tape (CT), is pleased to invite expressions of interest from qualified industry stakeholders to join our Consultative Committee.
We are establishing a robust governance framework under MiFIR. The Consultative Committee will play a critical role in ensuring fairCT remains aligned with the needs of the market and adheres to the highest standards of neutrality and data quality.
1. Mandate and Scope
The Consultative Committee acts as an advisory body to the fairCT Management Body and Board of Directors. Its primary objective is to represent the diverse views of the market and provide non-binding but essential feedback on the strategic and operational direction of the CT.
Members will be required to provide expert guidance and feedback on the following key areas:
- Product Quality: Monitoring data accuracy, latency, and completeness.
- Commercial Strategy & Licensing: Ensuring fee structures are fair, reasonable, non-discriminatory, and conducive to wide market adoption.
- Distribution & Access: Reviewing connectivity standards and accessibility for all market participants.
- General Governance: Advising on conflicts of interest and adherence to MiFIR regulatory requirements.
2. Composition and Eligibility
To ensure a balanced representation of the European fixed-income ecosystem, the Consultative Committee will consist of 15 members. We are seeking representatives from the following sectors:
- Large Institutional Investors (Asset Managers, Pension Funds, Insurers)
- Small Institutional Investors
- Retail Investors (or representatives of retail investor associations)
- Banks (Market Makers, Intermediaries)
- Bond Issuers (Corporate, Sovereign, or Agency)
- Data Contributors (Trading Venues, APAs)
- Data Vendors & Analytics Providers
- Academia
3. Term and Commitment
- Rotation: To ensure a constant influx of fresh perspectives and broad market representation, committee members will serve a term of 12 months, after which the seats will rotate.
- Operational Start: The Committee will formally commence its activities on 1st July 2026.
- Meeting Frequency: The Committee is expected to meet quarterly, with potential ad-hoc sessions during the initial launch phase.
4. Selection Process & Timeline
Applications will be reviewed by the fairCT Nomination Committee based on the candidate’s expertise, sector representation, and ability to contribute to the strategic goals of the CT.
Application Deadline: 28th February 2026
Notification of Selection: 30th April 2026
Committee Operational Start: 1st July 2026
5. How to Apply
Interested parties are invited to submit their Expression of Interest via email to governance@fairct.eu.
Please include the following in your submission:
- Candidate Profile: A CV or bio highlighting relevant experience in European bond markets and market data.
- Statement of Interest: A brief cover letter detailing which sector you represent and your specific interest in contributing to the governance of the European Bond CT.
- Conflict of Interest Declaration: A preliminary statement regarding any potential conflicts of interest.
We look forward to building a transparent, efficient, and inclusive Bond Consolidated Tape with your support.
The fairCT Governance Team