Frequently asked questions: Benchmarks Regulation

Following the publication of a proposal to revise the EU Benchmark Regulation (BMR) in an effort to streamline regulatory requirements of smaller, non-significant benchmark providers and to simplify the regulation altogether (EventID 23360), the EU Commission has published a set of FAQs in this context. Therein, the Commission provides further information on the reasoning behind the suggested BMR modifications, the objectives the Commission seeks to achieve in this context, and the key content of the proposed revisions.
The key questions contained in the document are noted below – as quoted; for all of them, please consult the original document:
– Why are you proposing this initiative today? How does it contribute to the 2024 Commission work programme?
– Why was it needed to revise the third country regime of BMR?
– What are the key elements of the package?
– What advantages will the proposal bring? Who benefits from this revision?
– How is the proposal contributing to the level playing field?
– What is a significant benchmark under the review?
– What happens to EU-non-significant benchmarks that already have been authorised, registered, recognised or endorsed?
– Will there be other revisions of the BMR in the future?