On 4 December 2019, the European Securities and Markets Authority (ESMA) published an updated version of its Q&As on the Benchmarks Regulation (BMR).

The updated Q&As amend question and answer 7.6 on whether the annual review of the International Organization of Securities principles for Oil Pricing Reporting Agencies is sufficient for the purpose of paragraph 18 of Annex II of BMR.

The updated Q&As also amend question and answer 7.7 on the role and responsibilities of a legal representative under Article 32(3) of BMR.