Banks Receive Follow-Up EC Questionnaire on RIC Code

The EC launched formal proceedings against Thomson Reuters in November, several months after certain European banks received the first questionnaire on the RIC (Inside Reference Data, October 2009). A spokesperson at the EC says the Commission has opened the proceedings on RIC, and is “currently pursuing a market investigation on this matter.”

In December, the EC distributed a second questionnaire to data consumers, and several questions are the same or similar as the questions in the last quest