Regulatory AlertsPS20/5: Extending the Senior Managers Regime to benchmark administrators: final rules
The Financial Conduct Authority issued PS20/5 to finalize rules extending the Senior Managers Regime to benchmark administrators. This regulatory change imposes specific accountability and conduct requirements on individuals managing benchmark administration activities within the UK. The new regime officially came into force on 7 December 2020 to enhance oversight and integrity in benchmark setting.
Open consultation: CP19/31
29/11/2019
Consultation closes
28/02/2020
PS20/5
02/06/2020
SMR comes into force for benchmark administrators
07/12/2020
07/12/2020
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