Regulatory Alerts2022-11-25
FSCA Revised Draft Conduct Standard on Benchmark Provision Requirements for Public Consultation
The Financial Sector Conduct Authority (FSCA) has published a revised draft Conduct Standard to establish a regulatory framework for supervising benchmark administrators and regulating the provision of benchmarks under the Financial Sector Regulation Act, 2017. The revised draft outlines specific requirements to ensure the accuracy, robustness, and integrity of benchmarks, incorporating industry feedback from an initial consultation round. Stakeholders are invited to submit written comments using the provided template by 6 February 2023 via email to finalize the standard before its implementation.
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