ESMA updates benchmarks Q&As on third country issues

08 November 2017

The purpose of this document is to be a practical convergence tool used to promote common supervisory approaches and practices in the application of the BMR.

ESMA has published updated Q&As regarding the implementation of the Benchmarks Regulation.

The Q&A include two new answers regarding the following topics:

• Scope of the BMR: Application of the BMR outside the EU; and
• Transitional provisions: Transitional provisions applicable to third country benchmarks.

This document should also help investors and other market participants by providing clarity on the requirements. ESMA will periodically review these Q&A and update them where required.

Full Q&A

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