Benchmarks Regulation: Difference between revisions
imported>Doug Williamson (Update link.) |
(Remove surplus link.) |
||
(2 intermediate revisions by one other user not shown) | |||
Line 1: | Line 1: | ||
(BMR). | (BMR). | ||
1. ''Interest rates - reference rates - European Union.'' | |||
Regulation (EU) 2016/1011 of the European Parliament and of the EU Council of 2016. | Regulation (EU) 2016/1011 of the European Parliament and of the EU Council of 2016. | ||
Line 14: | Line 16: | ||
The rules present a significant implementation challenge, particularly where EU firms reference non-EU benchmarks in securities or derivatives, or use them in the management of investment funds. | The rules present a significant implementation challenge, particularly where EU firms reference non-EU benchmarks in securities or derivatives, or use them in the management of investment funds. | ||
2. ''Interest rates - reference rates - UK.'' | |||
The Benchmark Regulation as applicable in the UK since the end of the Brexit Transition period on 31 December 2020, as part of retained EU law in the UK. | |||
== See also == | == See also == | ||
* [[Article 23 benchmark]] | |||
* [[Base rate]] | * [[Base rate]] | ||
* [[Benchmark]] | * [[Benchmark]] | ||
* [[EURIBOR]] | * [[EURIBOR]] | ||
* [[ | * [[Interest rate]] | ||
* [[Pre-€STR]] | * [[Pre-€STR]] | ||
* [[Reference rate]] | |||
* [[Regulation]] | * [[Regulation]] | ||
* [[Retained EU law]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] |
Latest revision as of 07:40, 5 October 2024
(BMR).
1. Interest rates - reference rates - European Union.
Regulation (EU) 2016/1011 of the European Parliament and of the EU Council of 2016.
The Benchmarks Regulation relates to indices used:
- As benchmarks in financial instruments and financial contracts or
- To measure the performance of investment funds.
The Benchmarks Regulation imposed new requirements on firms that provide, contribute to or use a wide range of interest rate, currency, securities, commodity and other indices and reference prices.
Most of the new rules apply with effect from 1 January 2018, but some provisions relating to critical benchmarks were brought into effect earlier.
The rules present a significant implementation challenge, particularly where EU firms reference non-EU benchmarks in securities or derivatives, or use them in the management of investment funds.
2. Interest rates - reference rates - UK.
The Benchmark Regulation as applicable in the UK since the end of the Brexit Transition period on 31 December 2020, as part of retained EU law in the UK.