Updated 10/12/2025
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Article 9 - Delegated Regulation 2025/1156

Article 9

Contractual terms

1.   The market data agreement shall specify in a clear and concise manner the terms and conditions for the provision of market data and allow the client to easily understand the obligations and rights in that agreement.

2.   The market data agreement shall use clear and comprehensible definitions and terms and shall use the terminology of the market data policy as set out in Article 18.