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The conditions shall include the following:\n\n    <a id=\"art-4-p-1-a\"></a>**(a)** the scope of use and content of information for each use under the licensing agreements, clearly identifying in each case confidential information;\n\n    <a id=\"art-4-p-1-b\"></a>**(b)** the conditions for redistribution, if allowed, of information by CCPs and trading venues;\n\n    <a id=\"art-4-p-1-c\"></a>**(c)** the technical requirements for the delivery of the service;\n\n    <a id=\"art-4-p-1-d\"></a>**(d)** the fees and the conditions for paying them;\n\n    <a id=\"art-4-p-1-e\"></a>**(e)** the conditions under which the agreement expires taking into consideration the lifespan of financial instruments that reference the benchmark;\n\n    <a id=\"art-4-p-1-f\"></a>**(f)** the contingency circumstances and the relevant measures to regulate the continuation, transitional periods and interruption of the service during a contingency period, which:\n\n    <a id=\"art-4-p-1-f-i\"></a>**(i)** allow for termination in an orderly manner;\n\n    <a id=\"art-4-p-1-f-ii\"></a>**(ii)** ensure that termination is not triggered by minor breaches of the contract and that the relevant party is given a reasonable amount of time to remedy any breach that does not give rise to immediate termination;\n\n    <a id=\"art-4-p-1-g\"></a>**(g)** the governing law and allocation of liabilities.\n\n1. <a id=\"art-4-p-2\"></a>The licensing agreement shall require that CCPs, trading venues and persons with proprietary rights to a benchmark establish adequate policies, procedures and systems to ensure the following:\n\n    <a id=\"art-4-p-2-a\"></a>**(a)** implementation of the service without undue delay according to a prearranged schedule;\n\n    <a id=\"art-4-p-2-b\"></a>**(b)** keeping up to date all information provided by the parties throughout the duration of the access arrangement, including information that could have a reputational impact;\n\n    <a id=\"art-4-p-2-c\"></a>**(c)** a communication channel between the parties that is timely, reliable and secure during the lifetime of the licence agreement;\n\n    <a id=\"art-4-p-2-d\"></a>**(d)** consultation where any change to either entity's operations is likely to have a material impact on the licence agreement or on the risks to which the other entity is exposed and notification within a reasonable notice period before any change to either entity's operation is implemented;\n\n    <a id=\"art-4-p-2-e\"></a>**(e)** the provision of information and the relevant instructions to transmit and use it through the technical means agreed;\n\n    <a id=\"art-4-p-2-f\"></a>**(f)** the provision of up-to-date information to persons with proprietary rights to a benchmark regarding the redistribution, if allowed, of information to clearing members of CCPs and members or participants of trading venues;\n\n    <a id=\"art-4-p-2-g\"></a>**(g)** resolution of disputes and termination of the agreement occurs in an orderly manner according to the identified circumstances.\n\n","marks":[],"text_hash":"381ff4b26aad52d9a113ef6ae21fbc3bcd6c5493b88b91e325087748c423f229","revision":1}}