On July 17, the European Securities and Markets Authority (ESMA) updated its Q&As on the EU Benchmarks Regulation (BMR). The Q&As aim to promote common supervisory approaches and practices in the day-to-day application of the BMR.

The update to the Q&As on the BMR clarifies:

  1. when a calculation agent is considered a user of benchmarks

On March 22, the European Securities and Markets Authority (ESMA) updated its Q&As on the European Union (EU) Benchmarks Regulation (BMR). The Q&As aim to promote common supervisory approaches and practices in the day-to-day application of the BMR.

The updated Q&As on the BMR add one new question and answer which considers the application of governance and control requirements by supervised contributors during the transitional period, the varying timeframes of which are further detailed in Article 51 of the BMR.
Continue Reading ESMA Further Updates Its Q&As on the Benchmarks Regulation

On December 14, the European Securities and Markets Authority (ESMA) published an updated version of its questions & answers document (Q&As) on the implementation of the EU Benchmarks Regulation (BMR). The Q&As aim to promote common supervisory approaches and practices in the day-to-day application of the BMR.
Continue Reading ESMA Updates Q&A on Benchmarks Regulation

On February 15, the European Securities and Markets Authority (ESMA) published a discussion paper (ESMA/2016/288) (Discussion Paper) regarding implementation of the regulation on indices used as benchmarks in financial instruments and financial contracts (Benchmarks Regulation).

The Discussion Paper is designed to inform ESMA’s work on draft regulatory technical standards and technical advice to the European Commission, in relation to the Benchmarks Regulation.
Continue Reading ESMA Publishes Discussion Paper on European Benchmarks Regulation