On 19 May 2025, there was published in the Official Journal of the EU (OJ), Regulation (EU) 2025/914 of the European Parliament and of the Council of 7 May 2025 amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an
In the latest edition of our podcast series, Split the Difference, Hannah Meakin, Nikolai de Koning, Anna Carrier and Simon Lovegrove discuss upcoming changes to the EU Benchmarks Regulation and compare the UK and EU regimes.
Listen to the episode here.
On 6 May 2025, the European Parliament issued a press release stating that it had adopted the proposed Regulation amending the Benchmarks Regulation as regards the scope of the rules for benchmarks, the use in the EU of benchmarks provided by an administrator located in a third country and certain reporting requirements.
On 24 March 2025, the Council of the EU issued a press release stating that it had adopted the proposed Regulation amending the Benchmarks Regulation as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements.
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On 19 February 2025, there was published an information note regarding the Council’s position in view of the adoption of the proposal for a Regulation amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and
Introduction
On 12 December 2024, the European co-legislators and the European Commission (Commission) reached an agreement in trilogue negotiations on the amendments to the EU Benchmarks Regulation (EU BMR). By way of background, the Commission published proposed amendments to the EU BMR in October 2023 (see our note), with the
On 19 December 2024, the European Securities and Markets Authority (ESMA) issued a consultation paper on guidelines on internal controls for benchmark administrators (BAs), credit rating agencies (CRAs) and market transparency infrastructures.
ESMA directly supervises all EU CRAs, securitisation repositories and trade repositories as well as certain BAs and
On 12 December 2024, the Council of the EU issued a press release stating that it had reached a provisional agreement with the European Parliament on the draft Regulation amending the Benchmarks Regulation as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by administrator located in a
On 24 October 2024, there was published the European Parliament’s position adopted at first reading on 24 April 2024 with a view to the adoption of Regulation (EU) 2024 amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in
On 12 June 2024, the European Commission (Commission) published a report on the delegation of power to adopt delegated acts conferred on the Commission pursuant to the Benchmarks Regulation (BMR).
Article 49(2) of the BMR provides that the power to adopt delegated acts is conferred on the Commission for a five-year