Common use of Unlimited Private Investor Licence Clause in Contracts

Unlimited Private Investor Licence. for the purposes of this licence, the Redistributor and its Subsidiaries may re-distribute the London Stock Exchange Data specified in Schedule B, section 1.12 (Category 12 – Unlimited Private Investor Licence) (on the terms and subject to the conditions of this Agreement) only to an End Customer who is a Private Investor to use solely for the purposes of such Private Investor making its decisions as to the placement of buy or sell orders on the London Stock Exchange via the Redistributor’s or its Subsidiary’s direct market access service to the London Stock Exchange. The Charges specified for this licence apply to Redistribution of the specified Data by the Redistributor and its relevant Subsidiaries (pursuant to clause 3.8 of the Terms and Conditions), regardless of the number of Devices and Unique User IDs reported as receiving or capable of accessing the specified Data. Notwithstanding this, the Redistributor must comply with the applicable reporting obligations as set out in this Agreement with respect to the Redistributor and each of its Subsidiaries who are permitted by this licence to re-distribute Data.