Article 11 Transparency obligation
(Article 13(1), 15(1) and 18(8) of Regulation (EU) No 600/2014)
1. Market operators and investment firms operating a trading venue and systematic internalisers shall disclose the price and other terms and conditions for the provision of the market data in a manner which is easily accessible to the public.
2. The disclosure shall include the following:
(a) current price lists, including:
- fees per display user;
- non-display fees;
- discount policies;
- fees associated with licence conditions;
- fees for pre-trade and for post-trade market data;
- fees for other subsets of information, including those required in accordance with Commission Delegated Regulation (EU) 2017/572 [Commission Delegated Regulation (EU) 2017/572 of 2 June 2016 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards on the specification of the offering of pre-and post-trade data and the level of disaggregation of data (see page 142 of this Official Journal).];