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🔗 Back to Summary. 🇫🇷 French Version: 2025R1156_FR.15. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 14 – Penalties ⬅️ | ➡️ Article 16 – Unilateral changes to fees and conditions
Article 15 - Contractual provisions on audit
Where the market data agreement provides that audits may be requested by the market data provider to ascertain whether an infringement of the market data agreement occurred, the terms of the market data agreement shall ensure that:
(a)
the audit request is based on specific and credible indications of a potential infringement that occurred no more than five years prior to the date the audit is notified;
(b)
the documents and the information that the market data client is requested to provide are limited to what is necessary to collect evidence in respect of the alleged infringement.