The Notification on Market Data Licensing of Beijing Stock Exchange and National Equities Exchange and Quotations
NEEQ Technology Co., Ltd (hereinafter referred to as NEEQ Technology) is authorized by the Beijing Stock Exchange (hereinafter referred to as “BSE”) and the National Equities Exchange and Quotations (hereinafter referred to as “NEEQ”) to operate and manage the market data of securities traded on the two markets. The following are the matters related to market data licensing:
1. The market data of both BSE and NEEQ include both the basic data from market transactions on BSE and NEEQ and the products processed with such basic data. Institutions that intend to use the market data should apply for licensing according to the requirements in the Notification. Without permission of the NEEQ Technology, any institution or individual is prohibited from releasing, using or disseminating such market data.
2. An applicant for Level-1 market data licensing shall meet the following requirements:
a) The applicant should be a corporate juridical person and have fixed business premises;
b) The registered capital of the applicant should be no less than RMB one million Yuan;
c) The applicant, the controlling shareholder of the applicant and the company controlled by the applicant should have no illegal business records in the immediately past three years;
d) Any other conditions required by NEEQ Technology.
4. An applicant that applies for Level-1 market indices compilation and display usage licensing should abide by the specific processes in the Application Procedures for Market Data Licensing of Beijing Stock Exchange and National Equities Exchange and Quotations (appendix Ⅱ).
5. Market participants shall conform to the requirements when using market data. Access to or use of the market data without licensing, or any other nonconformance is forbidden. NEEQ Technology can take control measures, cut off an access or take legal actions where the vendor fails to redress their nonconformity.
NEEQ Technology Co., Ltd.