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...