Regulatory Alerts2024-04-19
FSCA Draft Determination on Licensing Procedures and Requirements for Benchmark Administrators
The Financial Sector Conduct Authority (FSCA) has published a Draft Determination establishing the licensing procedures and compliance requirements for benchmark administrators under the Financial Sector Regulations Act. Once the "provision of a benchmark" is formally designated as a financial service, both existing and new administrators must secure licenses by demonstrating adherence to the proposed Conduct Standard. The FSCA invites stakeholders and the public to submit comments on the Draft Determination and four accompanying application forms via email by 3 June 2024.
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