On 2 December 2020, the FCA published a new webpage concerning its new UK Benchmarks Register which will replace the ESMA Register for UK supervised users, and UK and third country-based benchmark administrators that want their benchmarks to be used in the UK.
The new UK Benchmarks Register will be accessible from 11pm on 31 December 2020, in the ‘Other registers’ section of the Financial Services Register.
The new Benchmarks Register will consist of 2 sections, displaying:
- The Benchmark Administrator Register – this will be a public record of all benchmark administrators that are authorised, registered or recognised by the FCA, or that benefit from an equivalence decision that has been adopted by the UK.
- The Third Country Benchmarks Register – this will be a public record of all benchmarks that are provided by third country benchmark administrators that are recognised by the FCA, endorsed by a UK-authorised or registered benchmark administrator (or other supervised entity) for use in the UK, or that are provided by benchmark administrators that have notified the FCA that they benefit from an equivalence decision that has been adopted by the UK.