Benchmark Regulation (BMR)

Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds, entered into force in June 2016, and the rules apply from January 2018. The BMR aims to address concerns over the accuracy and integrity of benchmark indices (following cases of manipulation such as EURIBOR or LIBOR). The legislation builds upon the global standards set out in the International Organisation of Securities Commissions (IOSCO) Principles for Financial Benchmarks, published in July 2013.

As providers of important reference energy and emissions prices and indices, many of Europex’ members are benchmark administrators, providing regulated data benchmarks.

Level 1:

Benchmark Regulation – current consolidates version 09/01/2024

Level 2:

Implementing measures: Commission Implementing and delegated actsincluding technical standards (ITS and RTS) relating to benchmarks.

Level 3:

ESMA Q&As on the BMR.