Updated 17/04/2025
In force

Version from: 02/08/2022
Amendments
ESMA70/156/2477
Published: 06/11/2020
Art. 88
ESMA70/156/4263
Published: 18/08/2021
Art. 88
ESMA70/156/4305
Published: 01/06/2021
Art. 88
ESMA70/156/4754
Updated: 01/09/2022
Published: 01/09/2022
Art. 88
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MiFID II ToolDelegated Regulation 2017/565
Article 88

Article 88 - Delegated Regulation 2017/565

Article 88

Unbundling and disaggregating market data

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

1.  
APAs and CTPs shall make market data available without being bundled with other services.
2.  
Prices for market data shall be charged on the basis of the level of market data disaggregation provided for in Article 12(1) of Regulation (EU) No 600/2014 as further specified in Articles of Commission Delegated Regulation (EU) 2017/572 ( 15 ).

( 15 ) 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).