Regulatory Alerts2022-07-28
Regulation No. 73 of 28.07.2022 on the Disclosure of Market Data
The Commission for Financial Supervision issued Regulation No. 73 to establish additional requirements for market data operators and investment intermediaries regarding the disclosure, pricing, and non-discriminatory provision of market data. The regulation mandates the publication of a transparent market data policy, a cost-based pricing methodology, and the free provision of delayed market data to ensure fair access for all clients. It further introduces rules for cloud service outsourcing and aligns national provisions with specific European Securities and Markets Authority guidelines.
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