On January 30, the European Securities and Markets Authority (ESMA) published an updated version of its questions and answers on the Benchmarks Regulation (BMR).

ESMA confirms that the scope of application is identical across both sets of legislative provisions, including the transitional provisions under the BMR.

In the new Q&A, ESMA refers to specific requirements for different types of benchmarks which are covered to differing extents by the BMR and the Commission Delegated Regulations (for example, regulated-data benchmarks, interest rate benchmarks, commodity benchmarks, significant benchmarks and non-significant benchmarks).

ESMA’s updated Q&As on the BMR are available here.