The Regulation on the indices used to benchmark financial instruments and financial contracts or in measuring the performance of investment funds (Benchmark Regulation) has been published in the Official Journal of the EU (OJ).
The Benchmark Regulation was adopted by the European Parliament on 28 April 2016 and by the Council of the EU on 17 May 2016. The Benchmark Regulation will apply across the EU to create a consistent approach for financial benchmarking.
The Benchmark Regulation came into force on 30 June 2016, the day following its publication in the OJ and will become applicable from 1 January 2018, with the exception of certain provisions (set out in Article 59) which became applicable as of 30 June 2016 and one provision (Article 56) which became applicable as of 3 July 2016.
