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Version status: Applicable | Document consolidation status: Updated to reflect all known changes
Version date: 3 January 2018 - onwards
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Article 89 Transparency obligation

(Article 64(1) and 65(1) of Directive 2014/65/EU)

1. APAs and CTPs shall disclose and make easily available to the public the price and other terms and conditions for the provision of the market data in a manner which is easily accessible.

2. The disclosure shall include the following:

(a) current price lists, including the following information:

(i) fees per display user;

(ii) non-display fees;

(iii) discount policies;

(iv) fees associated with licence conditions;

(v) fees for pre-trade and for post-trade market data;

(vi) fees for other subsets of information, including those required in accordance with the regulatory technical standards pursuant to Article 12(2) of Regulation (EU) No 600/2014;

(vii) other contractual terms and conditions;

(b) advance disclosure with a minimum of 90 days' notice of future price changes;

(c) information on the content of the market data including the following information:

(i) the number of instruments covered;

(ii) the total turnover of instruments c

Comparing proposed amendment...