Article 11 | Delegated Regulation 2025/1156

Updated 10/12/2025

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In force

Initial Legal Act

Amendments

Article 11 - Delegated Regulation 2025/1156

Article 11

Additional fees

Terms and conditions in market data agreements which may result in additional fees or fee increases, including inflation-linked adjustments, shall be clearly disclosed in the market data agreement.

Recitals

CHAPTER I - DEFINITIONS (Article 1)

CHAPTER II - CALCULATION OF TOTAL COSTS AND MARGINS OF MARKET DATA (Article 2-3)

CHAPTER III - NON-DISCRIMINATORY ACCESS (Article 4-6)

CHAPTER IV - UNBIASED AND FAIR CONTRACTUAL TERMS (Article 7-16)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

CHAPTER V - CONTENT, FORMAT AND TERMINOLOGY OF THE MARKET DATA POLICIES (Article 17-22)

CHAPTER VI - DATA ACCESS, CONTENT AND FORMAT OF DELAYED MARKET DATA (Article 23-25)

CHAPTER VII - CONTENT, FORMAT AND TERMINOLOGY OF THE INFORMATION TO BE PROVIDED TO THE COMPETENT AUTHORITIES (Article 26)

CHAPTER VIII - FINAL PROVISIONS (Article 27-28)

ANNEX I ANNEX II

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Article 11 - Delegated Regulation 2025/1156

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