Be Mindful of Data License Restrictions When Meeting Regulatory Reporting Requirements, Panel Warns

Vendor licenses may not support use of their data to meet regulatory requirements, as these uses were not envisaged when terms were originally drafted.


As panelists examined the latest developments in the European regulatory landscape, one issue that continues to arise from the MiFID 2 directive is "How much data do we need, where do we get it from, and what do we have to do with it," said Meredith Gibson, former head of legal risk at Santander.

Data contracts can be murky in their explanations of what consumers can do with the data they receive from an exchange or a data vendor. Generally under a contract inked in the last five years "you will

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