ESMA publishes Benchmarks Regulation Q&A on transitional provisions
The European Securities and Markets Authority (ESMA) has published its Q&A on practical questions regarding the implementation of the Benchmarks Regulation (BMR).
The Q&A include two answers regarding the transitional provisions under the BMR, clarifying which benchmarks supervised entities will be allowed to use after 1 January 2018 thanks to the transitional provisions.
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. It 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.