2025R1156_EN.I

ANNEX I - Template for publication for market data policy

Info

🔗 Back to Summary. 🇫🇷 French Version: 2025R1156_FR.I. Back to Summary of LVL1. Link to the PDF. Direct link to EUR-LEX.

Article 28 – Entry into force ⬅️ | ➡️ 2014

Legal basis

Contents

Article 17 of this Regulation

Market data policy: year XXXX

[

Insert hyperlink to:

(i)

the fee schedule for market data provision;

(ii)

the terms and conditions of the market data provision, including any indirect service necessary for accessing the market data;

(iii)

the terms and conditions of the audit referred to in Article 15.

]

Article 5 and 20 of this Regulation

[

Insert a high-level summary of the fees offered in the fee schedule. The fee schedule should include the following items:

(i)

fees per unit of count of pre-trade and post-trade market data;

(ii)

categories of clients and the criteria used to set forth the categories;

(iii)

discount policies;

(iv)

fees for other subsets of information, including those required in accordance with the level of disaggregation of data pursuant to Commission Delegated Regulation (EU) 2017/572;

(v)

other contractual terms and conditions.

Any changes to the price list should be clearly indicated and explained.

]

Article 16 of this Regulation

Advance disclosure with a minimum of 3 months’ notice of future fee change with entry into force on the DD/MM/YYYY [

Insert the hyperlink to the future fee schedule with the date of entry into force

]

2014

Market Data Content Information

Period covered: 1.1.YYYY–31.12.YYYY

Asset Class Number of instruments covered Total turnover of instruments covered Pre-trade/post-trade market data ratio

Equity instruments (shares, ETFs, DRs, certificates, other equity-like financial instruments)

Bonds

ETCs ETNs

SFPs

Securitised derivatives

Interest Rate Derivatives

Credit Derivatives

Equity derivatives

FX derivatives

Emission allowances derivatives

C10 derivatives

Commodity derivatives

CFDs

Emission allowances

Article 22 of this Regulation

Cost disclosure: year YYYY

Information on how the level of fees is set

[

Please, insert summary on how the level of fees is set

]

Cost accounting methodologies

[

Please, insert hyperlink to the cost accounting methodology

] List of types of costs, according to Article 2 of this Regulation Allocation keys (%) Allocation principles Please explain whether a margin is included and how it is ensured to be reasonable# Table 1 in anx_I

Legal basis	Contents
Article 17 of this Regulation	Market data policy: year XXXX
[Insert hyperlink to:(i)the fee schedule for market data provision;(ii)the terms and conditions of the market data provision, including any indirect service necessary for accessing the market data;(iii)the terms and conditions of the audit referred to in Article 15.]	(i)
(i)	the fee schedule for market data provision;
(ii)	the terms and conditions of the market data provision, including any indirect service necessary for accessing the market data;
(iii)	the terms and conditions of the audit referred to in Article 15.]
Article 5 and 20 of this Regulation	[Insert a high-level summary of the fees offered in the fee schedule. The fee schedule should include the following items:(i)fees per unit of count of pre-trade and post-trade market data;(ii)categories of clients and the criteria used to set forth the categories;(iii)discount policies;(iv)fees for other subsets of information, including those required in accordance with the level of disaggregation of data pursuant to Commission Delegated Regulation (EU) 2017/572;(v)other contractual terms and conditions.Any changes to the price list should be clearly indicated and explained.]
(i)	fees per unit of count of pre-trade and post-trade market data;
(ii)	categories of clients and the criteria used to set forth the categories;
(iii)	discount policies;
(iv)	fees for other subsets of information, including those required in accordance with the level of disaggregation of data pursuant to Commission Delegated Regulation (EU) 2017/572;
(v)	other contractual terms and conditions.
Article 16 of this Regulation	Advance disclosure with a minimum of 3 months’ notice of future fee change with entry into force on the DD/MM/YYYY [Insert the hyperlink to the future fee schedule with the date of entry into force]
Article 13(1) of Regulation (EU) No 600/2014	Market Data Content Information
Period covered: 1.1.YYYY–31.12.YYYY
Asset Class	(1)Number of instruments covered
(1)	Number of instruments covered
(2)	Total turnover of instruments covered
(3)	Pre-trade/post-trade market data ratio
Equity instruments (shares, ETFs, DRs, certificates, other equity-like financial instruments)
Bonds
ETCs ETNs
SFPs
Securitised derivatives
Interest Rate Derivatives
Credit Derivatives
Equity derivatives
FX derivatives
Emission allowances derivatives
C10 derivatives
Commodity derivatives
CFDs
Emission allowances
Article 22 of this Regulation	Cost disclosure: year YYYY
Information on how the level of fees is set	[Please, insert summary on how the level of fees is set]
Cost accounting methodologies	[Please, insert hyperlink to the cost accounting methodology]
(1)List of types of costs, according to Article 2 of this Regulation	(1)
(1)	List of types of costs, according to Article 2 of this Regulation
(2)Allocation keys (%)	(2)
(2)	Allocation keys (%)
(3)Allocation principles	(3)
(3)	Allocation principles
(4)Please explain whether a margin is included and how it is ensured to be reasonable	(4)
(4)	Please explain whether a margin is included and how it is ensured to be reasonable

Table 2 in anx_I

(i)	the fee schedule for market data provision;

Table 3 in anx_I

(ii)	the terms and conditions of the market data provision, including any indirect service necessary for accessing the market data;

Table 4 in anx_I

(iii)	the terms and conditions of the audit referred to in Article 15.]

Table 5 in anx_I

(i)	fees per unit of count of pre-trade and post-trade market data;

Table 6 in anx_I

(ii)	categories of clients and the criteria used to set forth the categories;

Table 7 in anx_I

(iii)	discount policies;

Table 8 in anx_I

(iv)	fees for other subsets of information, including those required in accordance with the level of disaggregation of data pursuant to Commission Delegated Regulation (EU) 2017/572;

Table 9 in anx_I

(v)	other contractual terms and conditions.

Table 10 in anx_I

(1)	Number of instruments covered

Table 11 in anx_I

(2)	Total turnover of instruments covered

Table 12 in anx_I

(3)	Pre-trade/post-trade market data ratio

Table 13 in anx_I

(1)	List of types of costs, according to Article 2 of this Regulation

Table 14 in anx_I

(2)	Allocation keys (%)

Table 15 in anx_I

(3)	Allocation principles

Table 16 in anx_I

(4)	Please explain whether a margin is included and how it is ensured to be reasonable

Table 1 in anx_II

Entity name	[Full name of the market data provider, including:—the legal form as provided for in the register of the country pursuant to the law of which it is incorporated, where applicable, and—the Legal Entity Identifier (LEI) code in accordance with ISO 17442 LEI code, where applicable.]	—	the legal form as provided for in the register of the country pursuant to the law of which it is incorporated, where applicable, and	—	the Legal Entity Identifier (LEI) code in accordance with ISO 17442 LEI code, where applicable.]
—	the legal form as provided for in the register of the country pursuant to the law of which it is incorporated, where applicable, and
—	the Legal Entity Identifier (LEI) code in accordance with ISO 17442 LEI code, where applicable.]
Address	[Full address (e.g. street, street number, postal code, city, state/province) and country.]
Contact for additional request for information	[Person to be contacted within the market data provider for information relating to this template (e.g. CFO) and relevant contact details:—first name(s) and surname(s),—position of the contact person within the market data provider,—professional email address.]	—	first name(s) and surname(s),	—	position of the contact person within the market data provider,
—	first name(s) and surname(s),
—	position of the contact person within the market data provider,
—	professional email address.]

Table 2 in anx_II

—	the legal form as provided for in the register of the country pursuant to the law of which it is incorporated, where applicable, and

Table 3 in anx_II

—	the Legal Entity Identifier (LEI) code in accordance with ISO 17442 LEI code, where applicable.]

Table 4 in anx_II

—	first name(s) and surname(s),

Table 5 in anx_II

—	position of the contact person within the market data provider,

Table 6 in anx_II

—	professional email address.]

Table 7 in anx_II

Is the entity part of a group?	☐yes☐no	☐	yes	☐	no
☐	yes
☐	no
If yes, is the entity the only entity in the group supporting cost for the production and dissemination of data?	☐yes☐no	☐	yes	☐	no
☐	yes
☐	no
If no, please specify which other entity within the group support the cost for the production and dissemination of data	[Full name of the entity, including:—the legal form as provided for in the register of the country pursuant to the law of which it is incorporated, where applicable, and—the Legal Entity Identifier (LEI) code in accordance with ISO 17442 LEI code, where applicable.—Full address (e.g. street, street number, postal code, city, state/province) and country.]	—	the legal form as provided for in the register of the country pursuant to the law of which it is incorporated, where applicable, and	—	the Legal Entity Identifier (LEI) code in accordance with ISO 17442 LEI code, where applicable.
—	the legal form as provided for in the register of the country pursuant to the law of which it is incorporated, where applicable, and
—	the Legal Entity Identifier (LEI) code in accordance with ISO 17442 LEI code, where applicable.
—	Full address (e.g. street, street number, postal code, city, state/province) and country.]

Table 8 in anx_II

☐	yes

Table 9 in anx_II

☐	no

Table 10 in anx_II

☐	yes

Table 11 in anx_II

☐	no

Table 12 in anx_II

—	the legal form as provided for in the register of the country pursuant to the law of which it is incorporated, where applicable, and

Table 13 in anx_II

—	the Legal Entity Identifier (LEI) code in accordance with ISO 17442 LEI code, where applicable.

Table 14 in anx_II

—	Full address (e.g. street, street number, postal code, city, state/province) and country.]

Table 15 in anx_II

Data offered	Link to the market data policy as displayed on the website pursuant to [Articles on data provided] [SECTION A of the market data policy]
What type of data is offered	Please specify the type of data offered:☐full book☐top of book☐last sale☐auction imbalance☐other, please specify:
☐	full book
☐	top of book
☐	last sale
☐	auction imbalance
☐	other, please specify:

Table 16 in anx_II

☐	full book

Table 17 in anx_II

☐	top of book

Table 18 in anx_II

☐	last sale

Table 19 in anx_II

☐	auction imbalance

Table 20 in anx_II

☐	other, please specify:

Table 21 in anx_II

Briefly illustrate the system and processes of the production and dissemination of market data.

Table 22 in anx_II

Taking into consideration the system as described, please indicate thecomponentsof that system that were taken into account to determine the cost of market data and the criteria used to identify these components.

Table 23 in anx_II

Indicate below the cost necessary to produce data, calculated over the accounting year per component (category of article 2)
NOT SHARED COST
Infrastructure – including physical assets and software licenses and leased services necessary for the production and dissemination of market data
Component (as in 3B)
Connectivity – including physical assets and software licenses and leased services which ensure the connectivity necessary for the production and dissemination of market data
Component (as in 3B)
Costs attributable to personnel dedicated to the production and dissemination of market data
Component (as in 3B)
Financial costs – including depreciation, amortization, and cost of capital
Component (as in 3B)
Other
Component (as in 3B)

Table 24 in anx_II

SHARED COST
Infrastructure – including physical assets and software licenses and leased services necessary for the production and dissemination of market data
Component (as in 3B)
Connectivity – including physical assets and software licenses and leased services which ensure the connectivity necessary for the production and dissemination of market data
Component (as in 3B)
Costs attributable to personnel dedicated to the production and dissemination of market data
Component (as in 3B)
Financial costs resulting from the above categories – including depreciation, amortization, and cost of capital
Component (as in 3B)
Other
Component (as in 3B)

Table 25 in anx_II

Type of costs	Value
Not shared costs
Shared costs
TOTAL

Table 26 in anx_II

Fees as published	[Please insert the link to the market data policy as per market data provider website]
Do you apply differentials in fees for the data offered, i.e. do you identify client categories?	☐yes☐no
☐	yes
☐	no
If yes, what are the criteria for categorising clients?
What is the number of client categories and how many clients are indicatively in each category?	# of categories:# in category 1:# in category 2:[add as needed]

Table 27 in anx_II

☐	yes

Table 28 in anx_II

☐	no

Table 29 in anx_II

Client category	Margin expressed in absolute terms, calculated as operating profit	Margin expressed as a percentage of overall cost of data.	Reasonableness of the margin [please include an explanation of the elements taken into consideration to set the margin]
[add as needed]
TOTAL			NA

Table 30 in anx_II

Percentage change in margin compared to previous year
Client category
[add as needed]

Table 31 in anx_II

Accounting year	Total annual(1)cost	Total annual margin	Total annual fees(2)	Average margin in %	Total penalties

Table 32 in anx_II

Accounting year	Total annual revenue of the group the data provider is part of	Total annual margin of the group the data provider is part of	Margin in %	Average market data margin in %(table 6A)

Table 33 in anx_II

How does the margin set for the production and dissemination of market data compare with the overall margin of your business?

Table 34 in anx_II

Do you wish to add any additional information?	☐yes☐no	☐	yes	☐	no
☐	yes
☐	no
If yes, please describe
Please list any additional document attached to the present notification

Table 35 in anx_II

☐	yes

Table 36 in anx_II

☐	no