Regulatory Alerts2024-11-25 | RG-268RG 268 Licensing regime for financial benchmark administrators
The Australian Securities and Investments Commission issued this guide to explain the administration of the financial benchmark licensing regime and compliance obligations for licensed administrators. It details the application of the ASIC Financial Benchmark (Administration) Rules 2018 and the ASIC Financial Benchmark (Compelled) Rules 2018, including the use of compulsion powers for significant benchmarks. The document notes that it does not yet reflect amendments introduced by the Treasury Laws Amendments (Financial Market Infrastructure and Other Measures) Act 2024.
Issued 8 April 2022
This guide is for entities subject to the ASIC Financial Benchmark (Administration) Rules 2018 and the ASIC Financial Benchmark (Compelled) Rules 2018 . It explains how we administer the financial benchmark licensing regime and how licensed financial benchmark administrators may comply with their obligations under the ASIC Financial Benchmark (Administration) Rules 2018 .
This guide also explains when we may use our compulsion powers in relation to significant benchmarks.
Note: This guide does not reflect amendments to the Corporations Act introduced by the Treasury Laws Amendments (Financial Market Infrastructure and Other Measures) Act 2024, which received the Royal Assent on 17 September 2024. This guide will be reviewed and updated in due course. For more information, please visit our FMI reform implementation page.
Download the guide (PDF 575KB)