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ANNEX II - Delegated Regulation 2025/1156

ANNEX II

Template for the information to be provided to the competent authority pursuant to Article 13(4) of Regulation (EU) No 600/2014

SECTION 1

Market data provider submitting the information

Table 1.A

General information

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.]

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.]


Table 2.B

Information on the group

Is the entity part of a group?

yes

no

If yes, is the entity the only entity in the group supporting cost for the production and dissemination of data?

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.]

SECTION 2

Information on data provided

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:

SECTION 3

Costs

3.A   General description of the system

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

 

3.B   Components taken into account to determine the cost of market data

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

 

3.C   Costs of market data

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)

Cost

 

 

 

 

 

 

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)

Cost

 

 

 

 

Costs attributable to personnel dedicated to the production and dissemination of market data

Component (as in 3B)

Cost

 

 

 

 

Financial costs – including depreciation, amortization, and cost of capital

Component (as in 3B)

Cost

 

 

 

 

Other

 

Component (as in 3B)

Cost

 

 

 

 


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)

Total Cost

Percentage allocated for the purpose of market data

Reasoning for allocation

 

 

 

 

 

 

 

 

 

 

 

 

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)

Cost

Percentage allocated for the purpose of market data

Reasoning for allocation

 

 

 

 

 

 

 

 

Costs attributable to personnel dedicated to the production and dissemination of market data

Component (as in 3B)

Cost

Percentage allocated for the purpose of market data

Reasoning for allocation

 

 

 

 

 

 

 

 

 

 

 

 

Financial costs resulting from the above categories – including depreciation, amortization, and cost of capital

Component (as in 3B)

Cost

Percentage allocated for the purpose of market data

Reasoning for allocation

 

 

 

 

 

 

 

 

 

 

 

 

Other

Component (as in 3B)

Cost

Percentage allocated for the purpose of market data

Reasoning for allocation

 

 

 

 

 

 

 

 

Table on resulting overall cost of data calculated over the accounting year of the data provider

Type of costs

Value

Not shared costs

 

Shared costs

 

TOTAL

 

SECTION 4

Client categories

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

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]

SECTION 5

Reasonable margin

Margin per client category

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


Percentage change in margin compared to previous year

Client category

Percentage change

Reasoning

 

 

 

 

 

 

 

 

 

[add as needed]

 

 

SECTION 6

Annual cost, margin and penalties

6.A   Margin of market data

Accounting year

Total annual (1) cost

Total annual margin

Total annual fees (2)

Average margin in %

Total penalties

 

 

 

 

 

 

6.B   Market data compared to overall margin

Only for the market data providers referred to in Article 3(2), point (c)

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)

 

 

 

 

 


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

 

SECTION 7

Additional information

Do you wish to add any additional information?

yes

no

If yes, please describe

 

Please list any additional document attached to the present notification

 


(1)  Annual is to be intended as the accounting year.

(2)  To be intended as the sum of all the invoices for market data issued over the accounting year.


ELI: http://data.europa.eu/eli/reg_del/2025/1156/oj

ISSN 1977-0677 (electronic edition)