1.   Market data providers shall make available to the public a market data policy which discloses all information relevant to the offering of market data in clear and unambiguous terms. Such information shall include:

(a)	the fee schedule for market data provision;

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

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

2.   The information on the offering of market data disclosed in the market data policy shall enable market data clients to understand the fees and the terms and conditions applicable to them, prior to the conclusion of a market data agreement.