BENCHMARKS REGULATION

 
Focused and comprehensive instruction on the new Benchmarks Regulation operational framework, through a blended mix of legal, technical, operational, strategic, and technological perspectives.
 

BENCHMARKS REGULATION

The ‘Benchmarks Regulation’[1] seeks to introduce a common framework to ensure the accuracy and integrity of indices used as benchmarks in financial instruments and financial contracts, and to measure the performance of investment funds in the European Union (EU). Some of the key focus points are to ensure that administrators manage and potentially avoid conflicts of interest, there is an improved quality of input data and methodologies used by administrators, and there is an overall improved framework pertaining to benchmark governance and controls. Although the Benchmarks Regulation took effect on 1st January 2018, transitional provisions means that it will not be fully effective until 1st January 2020. During such period Third Country Administrators will need to evaluate their operations in order to decide whether or not to seek authorisation in the post-2020 framework, as well as their use of Third Country Benchmarks in existing and new contracts for financial instruments.

This one day beginner to intermediate training course seeks to provide attendees with highly comprehensive instruction on the new Benchmarks Regulation operational framework. It will set out the development and introduction of the Benchmarks Regulation, as well as the Level 1, Level 2, and Level 3 operational framework. The Expert Trainer will guide attendees through the technical requirements for different types of benchmarks as well as providing contextual analysis and examples. By attending the training course attendees will be able to avail themselves of a unique applied learning approach through a blended mix of legal, technical, operational, strategic, and technological perspectives. The training course will provide a highly cost effective way of comprehensively understanding this broad and complex framework EU regulatory framework.

[1]    Regulation (EU) 2016/1011 of 8th June 2016 on indices to be used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds.

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Disclaimer

ISDA® is a registered trademark of the International Swaps and Derivatives Association, Inc., and Storm-7 Consulting Limited is neither sponsored by nor affiliated with the International Swaps and Derivatives Association, Inc. (ISDA), and the public is hereby informed that Storm-7 Consulting Limited holds no commercial, private, or other relationship with ISDA.