Regulatory Alerts2023-04-06
Order No. 75 of 06.04.2023 on the Requirements for the Activity of Benchmark Administrators
The Commission for Financial Supervision issued Order No. 75 to implement specific regulatory requirements for benchmark administrators under EU Regulation 2016/1011. The Order establishes detailed rules for the oversight function, data input management, and methodology transparency for small-significance benchmarks, while also setting governance and control standards for supervised data providers. Additionally, it defines requirements for critical and significant benchmark administrators regarding alternative methodologies, cloud services, and data storage.
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