EUROPEAN UNION: Benchmark Delegated Regulations to Enter into Force

Thursday January 25 2018

The following four Delegated Regulations which supplement the Benchmark Regulation (BMR) have been published in the Official Journal of the European Union (OJ):

• Commission Delegated Regulation (EU) 2018/64, specifying how the criteria of Article 20(1)(c)(iii) of the BMR are to be applied for assessing whether certain events would result in significant and adverse impacts on market integrity, financial stability, consumers, the real economy or the financing of households and businesses in one or more member states.
• Commission Delegated Regulation (EU) 2018/65,specifying technical elements of the definitions laid down in Article 3(1) of the BMR.
• Commission Delegated Regulation (EU) 2018/66,specifying how the nominal amount of financial instruments other than derivatives, the notional amount of derivatives and the net asset value of investment funds are to be assessed.
• Commission Delegated Regulation (EU) 2018/67, with regard to the establishment of the conditions to assess the impact resulting from the cessation of or change to existing benchmarks.

These Delegated Regulations will enter into force on 6 February 2018.