This provision is part of your Bloomberg agreement
This notice, effective 24 November 2025, is part of your agreement with Bloomberg L.P. or its affiliates and sets requirements for the data, materials or services provided under that agreement. It applies to all services under the agreement, even if the agreement defines those services differently.
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Effective 24 November 2025
is part of your agreement with Bloomberg L.P. or its affiliates (the “Agreement”) and describes certain applicable requirements for the data, materials or services provided under that Agreement
This Provision applies to all services provided under the
Agreement, irrespective of any differing definitions.
Qualifications & exceptions
Applies to the data, materials or services provided under the Agreement, whatever the Agreement calls them.
Not stated here
The Agreement itself (for example Bloomberg's terms of service) is not part of the supplied text, so its other terms are not described here.
Legal Rights & Agreement Rules · Restriction or exception
This provision wins over a directly conflicting term
If the Agreement and this provision directly conflict, this provision controls for the services. The Agreement can still contain additional terms that this provision does not replace.
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In the event of a direct conflict between terms of the Agreement and this Provision, the terms of this Provision shall prevail with respect to the Services. However, your Agreement may contain additional terms not included in (and thus not superseded by) this Provision.
Qualifications & exceptions
Applies only to a direct conflict, and only with respect to the Services.
Agreement terms not covered by this provision are not superseded.
Not stated here
The text does not say which Agreement terms count as a direct conflict.
Account & Service Control · Context
'Recipient' means the legal entity that subscribes
In this provision, the obligations fall on the 'Recipient', which is the legal entity that subscribes for the services. The Agreement may call that party a Service Recipient, Participant, Licensee or another term.
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“Recipient” refers to the legal entity that subscribes for the Services. The Agreement may define the Recipient as, among other terms, the “Service Recipient” (“SR”), “Participant” or “Licensee.”
Qualifications & exceptions
The definition covers the subscribing legal entity; the Agreement's own label for it may differ.
Not stated here
The text does not say how an individual consumer subscriber is treated, or whether the subscribing entity is the person using the service.
Legal Rights & Agreement Rules · Permission or license
Bloomberg may amend this provision to stay compliant
Bloomberg may change this provision from time to time to support its compliance with applicable laws, regulations or regulatory requirements. The current version can be reviewed at the bloomberg.com/trade-controls address given in the notice.
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This Provision may be amended from time to time to support Bloomberg’s2 compliance with applicable laws, regulations, or regulatory requirements.
You can review the current version of this Provision at any time by visiting https://www.bloomberg.com/trade-controls.
2 For purposes of this Provision, “Bloomberg” refers to the Bloomberg counterparty to the Agreement.
Qualifications & exceptions
Stated purpose is supporting Bloomberg's compliance with laws, regulations or regulatory requirements.
'Bloomberg' means the Bloomberg party to the Agreement.
Not stated here
No advance notice, consent or effective date for amendments is stated here.
The linked page is not part of the supplied text.
Legal Rights & Agreement Rules · Restriction or exception
No use of the services for egregious activities
The Recipient promises that neither it nor anyone acting for it or at its direction will use, or let others use, the services or anything made with them in connection with listed activities: nuclear, chemical or biological weapons proliferation, terrorism, corruption, undermining of democratic rights and government, money laundering, tax evasion, human rights violations, or other similarly egregious activities. This is stated as a representation, warranty and covenant to Bloomberg and its affiliates.
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Recipient represents, warrants and covenants to Bloomberg and its affiliates that none of Recipient or any person who acts on behalf of or at the direction of Recipient shall use (or enable others to use) the Services or anything created using the Services in connection with activities: (i) relating to nuclear, chemical or biological weapons proliferation, terrorism, corruption, undermining of democratic rights and government, money laundering, tax evasion or human rights violations, or other similarly egregious activities;
Qualifications & exceptions
Covers the Recipient and any person acting on its behalf or at its direction.
Covers enabling others to use the services, and anything created using the services.
Not stated here
'Similarly egregious activities', 'corruption' and 'undermining of democratic rights and government' are not defined, so their reach is unclear.
Consequences of a breach are not stated in this passage; see the equipment and suspension provisions.
Legal Rights & Agreement Rules · Restriction or exception
No use in or for four excluded places
The Recipient also promises not to use the services, or anything made with them, in connection with activities in or for the benefit of places where Bloomberg has chosen, for reputational or operational reasons, not to offer services. Today those 'Excluded Jurisdictions' are Cuba, North Korea, Iran and the regions of Ukraine not under Ukrainian government control.
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(ii) in, or for the benefit of, jurisdictions in which for reputational and/or operational reasons Bloomberg and its affiliates have chosen to not market or otherwise support the offering of services, which currently consist of Cuba, North Korea, Iran and the non-Ukraine-government-controlled regions of Ukraine (each, an “Excluded Jurisdiction”).
Qualifications & exceptions
The list is described as what the places 'currently consist of', so it can change.
Applies to use in, or for the benefit of, an Excluded Jurisdiction.
Not stated here
The text does not say how Bloomberg will tell Recipients if the list changes, beyond the amendment statement.
'Non-Ukraine-government-controlled regions' are not named or mapped.
Legal Rights & Agreement Rules · Restriction or exception
Bloomberg does not promise the services are fit for any place or purpose
Despite any other provision of the Agreement, Bloomberg does not say that the services, or anything made with them, are appropriate or available for use in any particular location or for any or all purposes.
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Notwithstanding any other provision of the Agreement, Bloomberg does not represent that the Services or anything created using the Services are appropriate or available for use in any particular location or for any or all purposes.
Qualifications & exceptions
Stated to apply notwithstanding any other provision of the Agreement.
Not stated here
The text does not say how this disclaimer interacts with any availability commitments in the Agreement beyond 'notwithstanding'.
Legal Rights & Agreement Rules · Restriction or exception
No use in countries under comprehensive sanctions
The Recipient promises that neither it nor anyone acting for it will use, or let others use, the services or anything made with them in connection with activity in, or for the benefit of, a country or region that a Sanctioning Authority has put under sanctions or export controls prohibiting all or substantially all shipment or provision of services, goods, technology or software. Sanctioning Authorities are the United Nations, United States, European Union, United Kingdom and any country in which Bloomberg or its affiliates operate services provided to the Recipient; the notice's footnote lists those additional countries as Australia, Canada, Japan, the Netherlands and Singapore.
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Recipient represents, warrants and covenants to Bloomberg and its affiliates that none of Recipient or any person who acts on behalf of or at the direction of Recipient shall use (or enable others to use) the Services or anything created using the Services in connection with activity: (i) in, or for the benefit of, any country or region with respect to which the United Nations, United States, European Union, United Kingdom, and/or any country3 in which Bloomberg or its affiliates operate Services provided to Recipient (the “Sanctioning Authorities”) maintains sanctions and/or export controls prohibiting all or substantially all shipment or provision of services, goods, technology or software (a “Sanctioned Jurisdiction”);
3 Those additional countries are: Australia, Canada, Japan, Netherlands, and Singapore.
Qualifications & exceptions
Only places under sanctions or export controls prohibiting all or substantially all shipment or provision of services, goods, technology or software are 'Sanctioned Jurisdictions'.
The set of authorities includes the five additional countries named in the footnote.
Not stated here
No list of Sanctioned Jurisdictions is given; it depends on what each Sanctioning Authority currently imposes and so can change.
The text does not say what happens when the authorities' rules differ from one another.
Legal Rights & Agreement Rules · Restriction or exception
No use for governments or people tied to excluded or sanctioned places
The Recipient also promises not to use the services in connection with activity for the benefit of the government of an Excluded or Sanctioned Jurisdiction, or a person located in, normally resident in, or legally organized under the laws of one. It also covers activity involving or benefiting a government or person whose assets a Sanctioning Authority has blocked or frozen, or to which a Sanctioning Authority restricts shipment or provision of services, goods, technology or software (a 'Prohibited Party').
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(ii) to, or for the benefit of, the government of an Excluded Jurisdiction or a Sanctioned Jurisdiction or a person located in or normally a
resident of or legally organized under the laws of an Excluded Jurisdiction or a Sanctioned Jurisdiction; (iii) involving or benefiting a government or person whose assets a Sanctioning Authority has blocked or frozen or to which a Sanctioning Authority restricts the shipment or provision of services, goods, technology or software (a “Prohibited Party”);
Qualifications & exceptions
Same promise structure as the jurisdiction clause: covers the Recipient, anyone acting for it, and enabling others.
In the saved text the clause (ii) sentence continues across a page break, with footnote text in between.
Not stated here
No list of Prohibited Parties is given; the status depends on what each Sanctioning Authority has done.
Legal Rights & Agreement Rules · Restriction or exception
No financing of sanctioned persons or other sanctions-prohibited purposes
The Recipient further promises not to use the services, to the extent applicable, to transact in, finance, deal in prohibited equity or debt of, or extend credit to persons a Sanctioning Authority has identified as subject to such sanctions (including entities they own or control). It also may not use the services for any purpose that a Sanctioning Authority's economic sanctions or export controls would prohibit.
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(iv) to the extent applicable, for the purpose of transacting in, providing financing for, or otherwise dealing in prohibited equity or debt of, or extending credit to, persons identified by (or owned or controlled, whether individually or in aggregate, by persons identified by) any Sanctioning Authority as being subject to sanctions prohibiting such activities; or (v) for any purpose that would be prohibited under the economic sanctions or export controls of any Sanctioning Authority.
Qualifications & exceptions
The financing item applies 'to the extent applicable'.
The catch-all item depends on the sanctions or export controls of any Sanctioning Authority.
Not stated here
Which persons or purposes are covered depends on external sanctions and export-control rules that are not supplied.
Legal Rights & Agreement Rules · Restriction or exception
Each use counts as a fresh statement that you are not an excluded or sanctioned party
Every time the Recipient receives or uses the services, or anything made with them, it is treated as stating that neither it, nor anyone acting for it or on whose behalf it acts, is located in, normally resident in, organized under the laws of, or the government of an Excluded or Sanctioned Jurisdiction, and that none of them is a Prohibited Party.
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Each time Recipient receives or uses the Services or anything created using the Services, Recipient shall be deemed to represent and warrant to Bloomberg and its affiliates that none of Recipient or any person who acts on behalf of or at the direction of Recipient or any person on whose behalf Recipient is acting, is: (i) located in, normally a resident of, legally organized under the laws of, or the government of, any Excluded Jurisdiction or Sanctioned Jurisdiction; or (ii) a Prohibited Party.
Qualifications & exceptions
The statement is 'deemed' each time the Recipient receives or uses the services, with no separate action required.
Not stated here
The text does not say what happens if a statement later proves untrue beyond the equipment, suspension and termination provisions.
Legal Rights & Agreement Rules · Restriction or exception
The promises also cover affiliates and other parties you let in
The representations, warranties and covenants above also apply to the Recipient's affiliates and to any other parties the Recipient permits to access the services.
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The foregoing representations, warranties and covenants also apply to any affiliates of Recipient or other parties that Recipient permits to access the Services.
Qualifications & exceptions
Covers affiliates of the Recipient and other parties the Recipient permits to access the Services.
Not stated here
The text does not say how this extension is enforced or whether the Recipient is responsible for those parties' conduct.
Legal Rights & Agreement Rules · Context
These rules also apply to equipment and goods Bloomberg provides
This provision also applies to any equipment or other goods provided to the Recipient in connection with the Agreement.
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For the avoidance of doubt, this Provision also applies to any equipment or other goods provided to Recipient in connection with the Agreement.
Qualifications & exceptions
Covers equipment or other goods provided in connection with the Agreement.
Not stated here
The text does not say what equipment or goods are meant.
Legal Rights & Agreement Rules · Restriction or exception
You must stop using equipment right away and Bloomberg may disable it
The Recipient must immediately stop using any such equipment or goods for any purpose when the services are suspended or terminated, or when the Recipient breaches the representations, warranties and covenants above. Bloomberg reserves the right to disable that use at its discretion. The separate suspension and termination passage lets Bloomberg suspend or terminate services to avoid violating, or risking violation of, laws or regulations.
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Recipient shall immediately cease use of any such equipment or goods for any purpose (and Bloomberg reserves the right to disable such use at its discretion) upon (i) suspension or termination of Services or (ii) Recipient’s breach of any of the foregoing representations, warranties, and covenants.
Bloomberg reserves the right to suspend or terminate all or a portion of the Services to Recipient to avoid violating or incurring the risk of violating, applicable laws or regulations
Qualifications & exceptions
Triggered by suspension or termination of the services, or by the Recipient's breach of the representations, warranties and covenants.
Bloomberg may disable use 'at its discretion'.
Not stated here
Return, refund or cost consequences for equipment are not stated in this passage.
Account & Service Control · Permission or license
Bloomberg may suspend or terminate services to stay within sanctions law
Bloomberg reserves the right to suspend or terminate all or part of the services to the Recipient to avoid violating, or risking a violation of, applicable laws or regulations, including sanctions and export controls, or to avoid engaging in activities or with parties that do not meet the requirements set out above. The Recipient is the subscribing legal entity and Bloomberg is the Bloomberg party to the Agreement.
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Bloomberg reserves the right to suspend or terminate all or a portion of the Services to Recipient to avoid violating or incurring the risk of violating, applicable laws or regulations, including sanctions and/or export controls, or engaging in activities or with parties not comporting with the above requirements.
“Recipient” refers to the legal entity that subscribes for the Services.
2 For purposes of this Provision, “Bloomberg” refers to the Bloomberg counterparty to the Agreement.
Qualifications & exceptions
Can apply to all or only a portion of the Services.
Purpose is avoiding a violation, or the risk of one, of applicable laws or regulations, or activities or parties not meeting the requirements above.
Not stated here
The text does not say whether fees are refunded or how disputes are handled on suspension or termination; the Agreement may address this.
No advance notice period is stated.
Account & Service Control · Company commitment
Suspension can be immediate and notice may come afterwards
In some cases Bloomberg may be required to suspend or terminate immediately. Bloomberg says it will attempt to tell the Recipient within a reasonable time, which means notice is an attempt, not a promise, and may follow the suspension or termination.
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In certain instances, Bloomberg may be required to do so immediately. Bloomberg will attempt to notify Recipient of such suspension or termination within a reasonable time.
Qualifications & exceptions
'In certain instances' only; the instances are not specified.
Notice is an attempt ('will attempt to notify') within a reasonable time.
Not stated here
'Reasonable time' is not defined.
The text does not say what the notice must contain.
Content & IP Rights · Context
Bloomberg trademarks are listed, and the list is not exhaustive
The closing notice lists names that are trademarks and service marks of Bloomberg Finance L.P. or its subsidiaries, such as BLOOMBERG, BLOOMBERG TERMINAL and BLOOMBERG.COM. A mark missing from the list does not waive Bloomberg's intellectual property rights in that name, mark or logo. The footer is marked 'Rev. September 2024' even though the heading says the notice is effective 24 November 2025.
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The following are trademarks and service marks of Bloomberg Finance L.P., a Delaware limited partnership, or its subsidiaries: