BMR
Benchmarks Regulation (BMR)
Regulation (EU) 2016/1011
This Regulation establishes a common EU regulatory framework for benchmarks, ensuring the accuracy and integrity of indices used in financial instruments and financial contracts or to measure the performance of investment funds. It governs benchmark administrators, contributors of input data and supervisory arrangements, in order to prevent benchmark manipulation, protect consumers and investors, and maintain financial market stability.
Timeline
- 30 Jun 2016Certain provisions apply early
- 19 Jul 2016Entry into force
- 1 Jan 2018Applies in full
- 1 Apr 2018Recognition procedure for third-country administrators
- 1 Jul 2018Consumer information disclosure requirements
- 1 Jan 2020Deadline for applications under the transitional registration regime
Key facts
- Reference
- Regulation (EU) 2016/1011
- Adopted
- 8 Jun 2016
- Published
- 29 Jun 2016
- Status
- In force
- Amendments
- Amended several times.
- Topic
- ESG & Governance
- Industries
- Financial Services
Main compliance requirements
Paid members only
The main compliance requirements, applicability questions and penalties are available in the ZC Smart Compliance Hub. Paid members and clients can sign in to the Hub to view them.
Related legislation
- Amends Directive 2008/48/EC, Directive 2014/17/EU and Regulation (EU) No 596/2014. Also relates to Directive 2003/71/EC, Directive 2009/65/EC, Regulation (EU) No 1227/2011 and other related financial market legislation.
Official sources
Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts