Subject Matter
Written plans for cessation or material changes of a benchmark (ESMA70-145-114_Q&A 8.1)
Question
Are supervised entities, other than administrators, required to have robust written plans for cessation or material changes of a benchmark and to reflect them in the contractual relationship with clients as of 1 January 2018?
Level 1 Regulation
Benchmarks Regulation (BMR) - Regulation 2016/1011