ESMA consults on methodology to calculate a benchmark in exceptional circumstances

ESMA consults on methodology to calculate a benchmark in exceptional circumstances

Thursday 25 February 2021 12:11

The European Securities and Markets Authority, the EU’s securities markets regulator, has launched a consultation on draft guidelines detailing the obligations applicable to administrators that use a methodology to calculate a benchmark in exceptional circumstances under the Benchmarks Regulation (BMR).

During exception circumstances such as the COVID-19 pandemic, administrators can use an alternative methodology to calculate a benchmark. This methodology should be made publicly available.

The Consultation Paper published today seeks input on clarifications and specifications regarding...

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