Updated 15/01/2025
In force

Version from: 02/08/2022
Amendments
ESMA70/156/2477
Published: 06/11/2020
Art. 85
ESMA70/156/4263
Published: 18/08/2021
Art. 85
ESMA70/156/4305
Published: 01/06/2021
Art. 85
ESMA70/156/4754
Updated: 01/09/2022
Published: 01/09/2022
Art. 85
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MiFID II ToolDelegated Regulation 2017/565
Article 85

Article 85 - Provision of market data on the basis of cost (Article 64(1) and 65(1) of Directive 2014/65/EU)

Article 85

Provision of market data on the basis of cost

(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.