Events listed in Benchmarks Regulation (BMR)
[ESMA70-145-114 ] Q&A on the Benchmarks Regulation (BMR)
ID 26296
ESMA has published an updated version of its Questions and Answers (Q&A) on the Benchmark Regulation (Regulation (EU) 2016/1011). The latest version includes following changes – as quoted (with tracked changes): ___ #### Application of the Regulation outside the EU: Q4.4 Does the provision of and contribution to benchmarks that are used outside the European Union only fall within the scope of the BMR? ...
[ESMA81-168987738-671 ] Report on sanctions imposed under the Benchmarks Regulation ...
ID 26239
The report by ESMA on Administrative Sanctions and Measures and Criminal Sanctions under the Benchmarks Regulation in 2022 is the second annual report under the Benchmarks Regulation. In 2022, the report reveals that one administrative sanction and one administrative measure were imposed by two NCAs for infringements of the Benchmarks Regulation, with no criminal sanctions reported. The low number of sanctions in 2022 limits ...
ESMA to launch and participate in Common Supervisory Action on ESG disclosures for ...
ID 26228
ESMA is set to initiate a CSA in collaboration with NCAs on ESG disclosures within the framework of the BMR. This marks ESMA’s first CSA as a direct supervisor of Benchmarks Administrators. The CSA will primarily focus on evaluating compliance with ESG disclosure requirements in the BMR for supervised Benchmarks Administrators, whether located in the EU or a third country. Key areas of scrutiny ...
Communication from the NWG Steering Committee on changes in the expected Roadmap ...
ID 25496
In September 2022, the NWG Steering Committee in Poland approved the Roadmap for replacing WIBOR and WIBID benchmarks with a new one to comply with the BMR. The process is to ensure a smooth transition for all participants, and the users have shown commitment to the transformation. However, the challenge lies in the conversion of legacy contracts and financial instruments that use the WIBOR ...
Compliance table on Guidelines on methodology oversight function and record keeping ...
ID 23445
Following the publication of the Guidelines on methodology, oversight function and record keeping (ESMA81-393-288) under the BMR, which became applicable from 31 May 2022. ESMA has published an update on the corresponding compliance table. The table sets out which member states comply or intend to comply with the guidelines and – in latter case – by which date such compliance is expected. The table ...
Compliance table for Guidelines on non-significant benchmarks (ESMA70-145-1209)
ID 23427
Following the publication of the Guidelines on non-significant benchmarks under the Benchmarks Regulation which became applicable from 1 January 2018, ESMA has published an updated version of the corresponding compliance table. The table sets out which member states comply or intend to comply with the guidelines and – in latter case – by which date such compliance is expected. The table also provides links ...
Swedish Financial Benchmark Facility AB receives authorisation as administrator of ...
ID 22906
The Swedish Financial Supervisory Authority, Finansinspektionen (FI), has published a press release relating to the application of the Swedish Financial Benchmark Facility AB (SFBF) to remain a benchmark administrator of the STIBOR, the Stockholm Interbank Offered Rate, under the European Union Benchmarks Regulation (BMR). The reapplication was necessary following the implementation of the BMR which sets out far-reaching requirements pertaining to „control, oversight, d ...
[ESMA70-145-114 ] Q&A on the Benchmarks Regulation (BMR)
ID 22593
The European Securities and Markets Authority, ESMA, has published an updated version of its Questions and Answers (Q&A) on the Benchmark Regulation (Regulation (EU) 2016/1011). The latest version includes following changes – as quoted (with tracked changes): Q7.4 What time is relevant to determine the Member State of reference in an application for recognition under Article 32(4)? (page 27) ~~A7.4 ESMA considers that the ...