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TITLE IIU.K.TRANSPARENCY FOR TRADING VENUES

CHAPTER 3U.K.Obligation to offer trade data on a separate and reasonable commercial basis

Article 13U.K.Obligation to make pre-trade and post-trade data available on a reasonable commercial basis

1.Market operators and investment firms operating a trading venue shall make the information published in accordance with Articles 3, 4 and 6 to 11 available to the public on a reasonable commercial basis and ensure non-discriminatory access to the information. Such information shall be made available free of charge 15 minutes after publication.

2.[F1 The Treasury may by regulations clarify] what constitutes a reasonable commercial basis to make information public as referred to in paragraph 1.