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In this act Article 12 of 28
Text as of 26 Oct 2026 · Commission Delegated Regulation (EU) 2025/1156, OJ L, 2025/1156, 3.11.2025 · Same wording as today’s text.Today’s text

Article 12 — Per client fees

Financial servicesLevel 2RTSMiFIRIn forceOfficial source

12(1)

1.Market data providers shall put arrangements in place to ensure that a single provision of market data is charged only once.

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12(2)

2.To this aim, where market data has been sourced through multiple market data providers or redistributors, market data providers shall offer the possibility to charge fees only once per client for the same provision of market data.

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