(Article 64(1) and 65(1) of Directive 2014/65/EU)
1. The price of market data shall be based on the cost of producing and disseminating such data and may include a reasonable margin.
2. The costs of producing and disseminating market data may include an appropriate share of joint costs for other service provided by APAs and CTPs.
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Chapter VI · DATA PROVISION OBLIGATIONS FOR DATA REPORTING SERVICE PROVIDERS › Article 85
Provision of market data on the basis of cost
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