Benchmarks Regulation

• Benchmarks Regulation
  • Recital
  • TITLE I SUBJECT MATTER, SCOPE AND DEFINITIONS
    • Article 1 Subject-matter
    • Article 2 Scope

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    • Article 3 Definitions

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  • TITLE II BENCHMARK INTEGRITY AND RELIABILITY
    • CHAPTER 1 Governance of and control by administrators
      • Article 4 Governance and conflict of interest requirements

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      • Article 5 Oversight function requirements

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      • Article 6 Control framework requirements

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      • Article 7 Accountability framework requirements
      • Article 8 Record-keeping requirements

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      • Article 9 Complaints-handling mechanism
      • Article 10 Outsourcing

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    • CHAPTER 2 Input data, methodology and reporting of infringements
      • Article 11 Input data

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      • Article 12 Methodology

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      • Article 13 Transparency of methodology

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      • Article 14 Reporting of infringements

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    • CHAPTER 3 Code of conduct and requirements for contributors
      • Article 15 Code of conduct

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      • Article 16 Governance and control requirements for supervised contributors

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  • TITLE III REQUIREMENTS FOR DIFFERENT TYPES OF BENCHMARKS
    • Questions and Answers On the Benchmarks Regulation (BMR)

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    • CHAPTER 1 Regulated-data benchmarks
      • Article 17 Regulated-data benchmarks
    • CHAPTER 2 Interest rate benchmarks and spot foreign exchange benchmarks
      • Article 18 Interest rate benchmarks
      • Article 18a Spot foreign exchange benchmarks
    • CHAPTER 3 Commodity benchmarks
      • Article 19 Commodity benchmarks
    • CHAPTER 3A EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks
      • Article 19a EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks

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      • Article 19b Requirements for EU Climate Transition Benchmarks
      • Article 19c Exclusions for EU Paris-aligned Benchmarks
      • Article 19d Endeavour to provide EU Climate Transition Benchmarks
    • CHAPTER 4 Critical benchmarks
      • Article 20 Critical benchmarks

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      • Article 21 Mandatory administration of a critical benchmark

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      • Article 22 Mitigation of market power of critical benchmark administrators
      • Article 23 Mandatory contribution to a critical benchmark
    • CHAPTER 4A Statutory replacement of a benchmark
      • Article 23a Scope of the statutory replacement of a benchmark
      • Article 23b Replacement of a benchmark by Union law

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      • Article 23c Replacement of a benchmark by national law
    • CHAPTER 5 Significant benchmarks
      • Article 24 Significant benchmarks
      • Article 25 Exemptions from specific requirements for significant benchmarks

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    • CHAPTER 6 Non-significant benchmarks
      • Article 26 Non-significant benchmarks

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  • TITLE IV TRANSPARENCY AND CONSUMER PROTECTION
    • Article 27 Benchmark statement

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    • Article 28 Changes to and cessation of a benchmark

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  • TITLE V USE OF BENCHMARKS IN THE UNION
    • Article 29 Use of a benchmark

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    • Article 30 Equivalence

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    • Article 31 Withdrawal of registration of an administrator located in a third country
    • Article 32 Recognition of an administrator located in a third country

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    • Article 33 Endorsement of benchmarks provided in a third country

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  • TITLE VI AUTHORISATION, REGISTRATION AND SUPERVISION OF ADMINISTRATORS
    • CHAPTER 1 Authorisation and registration
      • Article 34 Authorisation and registration of an administrator

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      • Article 35 Withdrawal or suspension of authorisation or registration
      • Article 36 Register of administrators and benchmarks

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    • CHAPTER 2 Supervisory cooperation
      • Article 37 Delegation of tasks between competent authorities
      • Article 38 Disclosure of information from another Member State
      • Article 39 Cooperation on on-site inspections and investigations
    • CHAPTER 3 Role of competent authorities
      • Article 40 Competent authorities
      • Article 41 Powers of competent authorities
      • Article 42 Administrative sanctions and other administrative measures
      • Article 43 Exercise of supervisory powers and imposition of sanctions
      • Article 44 Obligation to cooperate
      • Article 45 Publication of decisions
      • Article 46 Colleges
      • Article 47 Cooperation with ESMA

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      • Article 48 Professional secrecy
  • CHAPTER 4 Competences and procedures
  • Section 1 Competences and procedures
  • Article 48a Exercise of the powers by ESMA
  • Article 48b Request for information
  • Article 48c General investigations
  • Article 48d On-site inspections
  • Section 2 Administrative sanctions and other administrative measures
  • Article 48e Supervisory measures by ESMA
  • Article 48f Fines
  • Article 48g Periodic penalty payments
  • Article 48h Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
  • Section 3 Procedures and review
  • Article 48i Procedural rules for taking supervisory measures and imposing fines

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  • Article 48j Hearing of the persons subject to investigations
  • Article 48k Review by the Court of Justice
  • Section 4 Fees and delegation
  • Article 48l Supervisory fees

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  • Article 48m Delegation of tasks by ESMA to competent authorities
  • Article 48n Transition measures related to ESMA
  • TITLE VII DELEGATED AND IMPLEMENTING ACTS
    • Article 49 Exercise of the delegation
    • Article 50 Committee procedure
  • TITLE VIII TRANSITIONAL AND FINAL PROVISIONS
    • Article 51 Transitional provisions

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    • Article 52 Deadline for updating the prospectuses and key information documents
    • Article 53 ESMA reviews
    • Article 54 Review

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    • Article 55 Notification of benchmarks referenced and their administrators
    • Article 56 Amendments to Regulation (EU) No 596/2014
    • Article 57 Amendments to Directive 2008/48/EC
    • Article 58 Amendments to Directive 2014/17/EU
    • Article 59 Entry into force
    • ANNEX I
    • ANNEX II

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    • ANNEX III