Article 15 — Contractual provisions on audit

Where the market data agreement provides that audits may be requested by the market data provider to ascertain whether an infringement of the market data agreement occurred, the terms of the market data agreement shall ensure that:
(a) the audit request is based on specific and credible indications of a potential infringement that occurred no more than five years prior to the date the audit is notified; (b) the documents and the information that the market data client is requested to provide are limited to what is necessary to collect evidence in respect of the alleged infringement.