Date: 5th October 2016
Author:
Type: In the news
The Securities and Markets Stakeholder Group of ESMA has published its Advice on the Regulation of Benchmarks and Indices, which addresses the following key issues for individual investors and financial services users:
- The access to indices’ and benchmarks’ past performance should be made easily and freely available to individual investors and borrowers;
- An independent committee should oversee the production of indices and benchmarks. The composition of such a committee should be set in a way to avoid one constituency to be favoured over another by for instance, requiring representatives of issuers and investors to be included as members;
- In order to ensure that regulators and users are made aware of the regulatory approach chosen by the index or benchmark provider, the indices and benchmarks providers should publicly disclose the approach they choose to comply with their transparency obligation.
In order to access the whole paper, please follow this link