2025R1156 - Summary
COMMISSION DELEGATED REGULATION (EU) 2025/1156 of 12 June 2025 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards on the obligation to make market data available to the public on a reasonable commercial basis (Text with EEA relevance)
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🇫🇷 French Version: 2025R1156_FR.0. Open the PDF. Direct link to EUR-LEX.
Article 1 - Definitions
Article 2 - Total costs
Article 3 - Principles in setting a reasonable margin for market data
Article 4 - Obligation to provide market data on a non-discriminatory basis
Article 5 - Differentials in fees
Article 6 - Distribution channels
Article 7 - Provision of pre-contractual information
Article 8 - Fair terms
Article 9 - Contractual terms
Article 10 - Conformity of the terms with the market data policy
Article 11 - Additional fees
Article 12 - Per client fees
Article 13 - Obligation to keep data unbundled
Article 14 - Penalties
Article 15 - Contractual provisions on audit
Article 16 - Unilateral changes to fees and conditions
Article 17 - Information to be included in the market data policy
Article 18 - Terminology of market data policies
Article 19 - Accessible format of market data policies
Article 20 - Unit of count
Article 21 - Format for publication of market data policy
Article 22 - Cost disclosure
Article 23 - Access to delayed market data
Article 24 - Content of delayed market data
Article 25 - Format of delayed market data
Article 26 - Information to be provided to the competent authorities
Article 27 - Transitional measures
Article 28 - Entry into force
Annex I - Template for publication for market data policy
Annex II - Template for the information to be provided to the competent authority pursuant to Article 13(4) of Regulation (EU) No 600/2014