Benchmarks Regulation

The Benchmarks Regulation introduces a regime for benchmark administrators that will ensure the accuracy and integrity of financial benchmarks in Europe. The Regulation entered into application across the EU on 1 January 2018.

The Regulation defines a benchmark as any index that determines the amount payable under a financial instrument or a financial contract, or the value of a financial instrument. It further includes in the definition indices that are used to measure the performance of an investment fund with the purpose of tracking the return of such index, or of defining the asset allocation of a portfolio, or of computing the performance fees.

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Benchmarks Regulation