Clifford Chance Comment: The new EU benchmarks regulation – What you need to know

EU law makers are now finalising the text of the new Regulation on financial benchmarks. The Regulation will impose 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. It is expected that the new rules will be published in mid-2016 and will apply in early 2018. Consultations have already begun on the technical standards under the Regulation. The new rules will 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.

Clifford Chance has prepared a briefing paper discussing the Regulation. To view a copy of this briefing paper, please click on the PDF link below. Alternatively, you can access the briefing via the Clifford Chance website at the link below.