Common use of Direct Reporting Criteria Clause in Contracts

Direct Reporting Criteria. 3.1 Customers must meet the following criteria before they will be authorised by the Exchanges to report all London Stock Exchange and Borsa Italiana Data use directly: a) Customers must be able to demonstrate that adequate controls are in place to restrict and monitor the permissioning of all Data delivered via feeds, this includes Data that is sourced from Redistributors. b) Customers must be able to monitor and record Data permissioning from all sources and associate that permissioning to individual Users within their organisation. c) Customers must be able to demonstrate that adequate controls are in place to monitor and report all Data use directly to the Exchanges. This includes Data received via datafeeds and Data received via terminals (sometimes referred to as “stand alone”) controlled by Redistributors. d) The compliance of the Customer with the above criteria must be verified by the Exchanges prior to the commencement of a direct reporting relationship. This verification may include but is not restricted to: 1. Visits to the Premises by members of the Exchanges Market Data Audit Team. 2. A parallel run period in which a Customer will report usage directly to the Exchanges in addition to continuing to report to the Redistributors. e) Customers must already have entered in to this Agreement

Direct Reporting Criteria. 3.1 Customers must meet the following criteria before they will be authorised by the Exchanges to report all London Stock Exchange and Borsa Italiana Data use directly: a) Customers must be able to demonstrate that adequate controls are in place to restrict and monitor the permissioning of all Data delivered via feeds, this includes Data that is sourced from Redistributors. b) Customers must be able to monitor and record Data permissioning from all sources and associate that permissioning to individual Users within their organisation. c) Customers must be able to demonstrate that adequate controls are in place to monitor and report all Data use directly to the Exchanges. This includes Data received via datafeeds and Data received via terminals (sometimes referred to as “stand alone”) controlled by Redistributors. d) The compliance of the Customer with the above criteria must be verified by the Exchanges prior to the commencement of a direct reporting relationship. This verification may include but is not restricted to: 1. Visits to the Premises by members of the Exchanges Market Data Audit Team. 2. A parallel run period in which a Customer will report usage directly to the Exchanges in addition to continuing to report to the Redistributors. e) Customers must already have entered in to this Agreement 4. Chargeable device for direct reporting

Direct Reporting Criteria. 3.1 Customers must meet the following criteria before they will be authorised by the Exchanges to report all London Stock Exchange and Borsa Italiana Data use directly: a) Customers must be able to demonstrate that adequate controls are in place to restrict and monitor the permissioning of all Data delivered via feeds, this includes Data that is sourced from Redistributors. b) Customers must be able to monitor and record Data permissioning from all sources and associate that permissioning to individual Users within their organisation. c) Customers must be able to demonstrate that adequate controls are in place to monitor and report all Data use directly to the Exchanges. This includes Data received via datafeeds and Data received via terminals (sometimes referred to as “stand alone”) controlled by Redistributors. d) The compliance of the Customer with the above criteria must be verified by the Exchanges prior to the commencement of a direct reporting relationship. This verification may include but is not restricted to: 1. Visits to the Premises by members of the Exchanges Market Data Audit Team. 2. A parallel run period in which a Customer will report usage directly to the Exchanges in addition to continuing to report to the Redistributors. e) Customers must already have entered in to this Agreement

Direct Reporting Criteria. ‌ 3.1 Customers must meet the following criteria before they will be authorised by the Exchanges to report all London Stock Exchange and Borsa Italiana Data use directly: a) Customers must be able to demonstrate that adequate controls are in place to restrict and monitor the permissioning of all Data delivered via feeds, this includes Data that is sourced from Redistributors. b) Customers must be able to monitor and record Data permissioning from all sources and associate that permissioning to individual Users within their organisation. c) Customers must be able to demonstrate that adequate controls are in place to monitor and report all Data use directly to the Exchanges. This includes Data received via datafeeds and Data received via terminals (sometimes referred to as “stand alone”) controlled by Redistributors. d) The compliance of the Customer with the above criteria must be verified by the Exchanges prior to the commencement of a direct reporting relationship. This verification may include but is not restricted to: 1. Visits to the Premises by members of the Exchanges Market Data Audit Team. 2. A parallel run period in which a Customer will report usage directly to the Exchanges in addition to continuing to report to the Redistributors. e) Customers must already have entered in to this Agreement