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Delegated Regulation as regards the extension of the transitional period to use third country benchmarks in the EU
Rozporządzenie delegowane Komisji (UE) 2023/2222 z dnia 14 lipca 2023 r. przedłużające okres przejściowy ustanowiony dla wskaźników referencyjnych państw trzecich w art. 51 ust. 5 rozporządzenia Parlamentu Europejskiego i Rady (UE) 2016/1011
Initiative summary:
The Benchmark Regulation (BMR) restricts the ability of EU supervised entities to use non-EU benchmarks to three distinct cases, i.e. recognition, endorsement, equivalence. There is currently a suspension of BMR rules that allows EU supervised entities to continue using non-EU benchmarks until 31 December 2023, irrespective of whether they are on the European Securities and Markets authority (ESMA) register. This delegated act extends the suspension of these rules until 31 December 2025.