The statement is headed "As of August 28, 2025". The text does not say whether that is an effective date, a last-updated date or a review date, and it announces no later version.
Supporting quotations
As of August 28, 2025
Qualifications & exceptions
The date appears as a bare line under the title.
Not stated here
What the August 28, 2025 date marks (effective date, last update or review date) is not stated.
Sharing & Disclosure · Company commitment
Bloomberg will not hand over client data to agencies unless the law requires it
Bloomberg says it will not disclose client data in response to third-party requests from law enforcement, governmental or regulatory agencies unless the law requires it, for example valid and properly served legal process such as a subpoena or search warrant. "Client data" may include personal information. This general rule is subject to the urgent-request reservation in the last paragraph of the main statement (see the emergency card).
Supporting quotations
Bloomberg will not disclose client data (which may include personal information, together “client data”) in response to third party requests from law enforcement, governmental, or regulatory agencies except where required to do so by law (for example, in response to valid and properly-served legal process such as a subpoena or search warrant)
Notwithstanding any of the foregoing
Qualifications & exceptions
Applies to requests from law enforcement, governmental or regulatory agencies; "client data" is defined as data that "may include personal information".
The subpoena and search warrant examples are illustrations of valid legal process, not a complete list.
Qualified by the "Notwithstanding any of the foregoing" reservation for good-faith emergency requests involving imminent danger of death or serious physical injury.
Not stated here
The text does not list which legal process types count as "required by law" beyond the two examples.
The text does not say which countries or jurisdictions' laws it means.
Legal Rights & Agreement Rules · Company commitment
Bloomberg reviews each request and challenges ones it finds unlawful
Bloomberg says it reviews the legality of all such requests before responding, to make sure they are valid and that it is legally obligated to comply. If, after careful assessment, it concludes a request exceeds the agency's authority or is otherwise unlawful, it says it challenges the request, including through court challenges and appeals where necessary, and would seek interim measures to suspend the request's effects until a competent court rules.
Supporting quotations
Bloomberg reviews the legality of all such requests prior to responding to ensure they are valid and that Bloomberg is legally obligated to comply.
Bloomberg challenges requests, including, where necessary, through court challenges and exercise of available appellate rights
Bloomberg would seek interim measures with a view to suspending the effects of the request until competent judicial authority has ruled on its merits.
Qualifications & exceptions
Challenges happen only if Bloomberg concludes after careful assessment that the request exceeds the agency's authority or is otherwise unlawful.
Court challenges and appeals are described as "where necessary"; seeking interim measures is stated as what Bloomberg "would" do when challenging.
Not stated here
The text does not say how many requests are reviewed, challenged or won.
Sharing & Disclosure · Company commitment
Bloomberg will tell clients about requests and direct access, with two exceptions
Bloomberg says it will take reasonable steps to notify its client about any legally binding request for the client's data before disclosing it, and will notify its client if it becomes aware of any direct access by public authorities to client data. It does not do either if (1) applicable law prohibits it from notifying, or (2) there are clear indications of unlawful conduct in connection with the client's use of Bloomberg services.
Supporting quotations
Bloomberg will take reasonable steps to notify its client about any legally binding request for the client’s data prior to disclosing client data in response to that request
will notify its client if Bloomberg becomes aware of any direct access by public authorities to client data
(1) Bloomberg is prohibited by applicable law from doing so, or
(2) there are clear indications of unlawful conduct in connection with the client’s use of Bloomberg services.
Qualifications & exceptions
Prior notice is "reasonable steps" and applies to a legally binding request before disclosure; the direct-access notice applies when Bloomberg "becomes aware" of it.
Both notices fall away if applicable law prohibits notifying, or if there are clear indications of unlawful conduct in connection with the client's use of Bloomberg services.
Qualified by the emergency reservation, which begins "Notwithstanding any of the foregoing".
Not stated here
The text does not say how or how far in advance clients are notified.
The text does not say who decides whether there are "clear indications" of unlawful conduct.
The notice promise names "its client"; it does not mention individual users.
Sharing & Disclosure · Company commitment
If Bloomberg responds, it will try to give the minimum information allowed
When Bloomberg does respond to a disclosure request, it says it will attempt to provide the minimum amount of information permissible, based on a reasonable interpretation of the request. This is a commitment to attempt, tied to a reasonable reading of the request.
Supporting quotations
Bloomberg will attempt to provide the minimum amount of information permissible, based on a reasonable interpretation of the request.
Qualifications & exceptions
The commitment is to "attempt" to give the minimum "permissible", measured against a reasonable interpretation of the request.
Not stated here
The text does not say who decides what is reasonable or what the minimum permissible amount is in practice.
Sharing & Disclosure · Restriction or exception
Bloomberg reserves the right to answer urgent emergency requests
Notwithstanding the rest of the main statement, Bloomberg reserves the right to respond to urgent law enforcement requests if it believes in good faith that an emergency involving imminent danger of death or serious physical injury justifies the disclosure. This sits alongside, and can override, the general promises not to disclose without legal compulsion, to notify clients first and to review legality, because it applies "Notwithstanding any of the foregoing".
Supporting quotations
Notwithstanding any of the foregoing, Bloomberg reserves the right to respond to urgent law enforcement requests if Bloomberg believes in good faith that an emergency involving imminent danger of death or serious physical injury justifies such disclosure.
Qualifications & exceptions
Applies to urgent law enforcement requests only, and only where Bloomberg believes in good faith that an emergency involving imminent danger of death or serious physical injury justifies disclosure.
It is a reserved right ("reserves the right"), not a promise to disclose.
The qualifier is Bloomberg's own good-faith belief.
Not stated here
The text does not say whether client notice or the minimum-information effort still applies to an emergency disclosure.
The text does not say what steps Bloomberg takes to confirm the emergency.
Cross-references
narrows (model-proposed): Bloomberg will not hand over client data to agencies unless the law requires it — exception_to: The emergency reservation begins "Notwithstanding any of the foregoing" and lets Bloomberg respond to urgent requests on a good-faith belief of imminent danger of death or serious physical injury, an exception to the rule that it will not disclose client data unless the law requires it.
The statement covers any agency asking Bloomberg entities for client and user data
The FAQ says the statement is for any law enforcement, governmental or regulatory agency (a "Requesting Agency") that asks Bloomberg Finance L.P., its operating agent Bloomberg L.P., or any affiliate (together, "Bloomberg") for access to or disclosure of client and user data that Bloomberg holds. The FAQ names "client and user data", while the main statement's promises are written about "client data" and notify "its client".
Supporting quotations
Any law enforcement, governmental or regulatory agency (“Requesting Agency”) making a request to Bloomberg Finance L.P., its operating agent Bloomberg L.P., or any affiliate (collectively, “Bloomberg”) for access to or disclosure of client and user data that Bloomberg holds.
Qualifications & exceptions
The FAQ defines "Requesting Agency" and "Bloomberg" (Bloomberg Finance L.P., its operating agent Bloomberg L.P., and any affiliate).
The FAQ covers "client and user data"; the main statement defines only "client data".
Not stated here
The text does not say whether the main statement's disclosure and notice promises reach individual users' data held by Bloomberg, or only data of its clients.
The text does not say whether "Bloomberg" in the main statement has the same entity scope as in the FAQ.
Cross-references
related (model-proposed): Bloomberg will not hand over client data to agencies unless the law requires it — defines: The FAQ defines "Requesting Agency" and "Bloomberg" (Bloomberg Finance L.P., Bloomberg L.P. and affiliates) for the statement, but names "client and user data" while the main rule is written about "client data".
Legal Rights & Agreement Rules · Procedure
Agencies are expected to follow legal process rules and read Bloomberg's product descriptions
The FAQ answers "Yes" to whether Requesting Agencies must follow all applicable legal process rules before Bloomberg responds to a request to produce client data. It adds that Bloomberg encourages agencies to review its product and service descriptions before preparing legal process for client data held in connection with a specified product or service, or in internal systems.
Supporting quotations
Are Requesting Agencies required to follow all applicable legal process rules prior to Bloomberg responding to a request to produce client data?
Yes. Bloomberg encourages Requesting Agencies to review our product and service descriptions before preparing legal process seeking client data held by Bloomberg in connection with its provision of the specified product/service and/or in internal systems.
Qualifications & exceptions
The answer is "Yes" to following all applicable legal process rules before Bloomberg responds.
Reviewing product and service descriptions is encouraged, not required.
Not stated here
The product and service descriptions are not part of this statement, so their content and location are not shown here.
The text does not say which legal process rules apply.
Security & Safeguards · Company commitment
Bloomberg says agencies get no direct server access, backdoor or encryption keys
The FAQ states that Bloomberg does not allow any Requesting Agency direct access to its servers and will not create a backdoor or master key to its products or services for that purpose. It also says Bloomberg does not give any Requesting Agency its encryption keys or the ability to break its encryption.
Supporting quotations
No, Bloomberg does not allow any Requesting Agencies direct access to Bloomberg’s servers and will not create a backdoor or master key to any of our products or services for such purpose.
Bloomberg also does not provide any Requesting Agency with Bloomberg’s encryption keys or the ability to break our encryption.
Qualifications & exceptions
Stated as a flat "No" with no listed exception.
The statement elsewhere says Bloomberg will tell clients if it becomes aware of direct access by public authorities.
Not stated here
The text does not say how Bloomberg would learn of or prevent direct access it does not authorize.