The European Commission has published four draft delegated regulations supplementing the Benchmarks Regulation (BMR). The draft delegated regulations set out:
- technical elements of the definitions set out in the BMR (link);
- conditions to assess impacts of cessation or changing of a benchmark (link);
- application of qualitative criteria for critical benchmarks (link); and
- calculation of total values of references to benchmarks (link).
The drafts are open for consultation until 20 July 2017.
Publication of delegated act on conditions for endorsement of third-country administrators and draft regulatory technical standards is still pending.