The UK Financial Conduct Authority seeks comment on its proposal to require reasonable and non-discriminatory access to regulated benchmarks. FCA claims that its proposed rules are consistent with requirements of the Markets in Financial Instruments Directive that will come into force in 2019 and will govern access to benchmarks by clearinghouses and trading venues. According to FCA, its proposed rules “state that benchmark administrators must ensure that access and licenses to use benchmarks are made available on fair, reasonable and non-discriminatory terms and conditions (including prices), and that access should be provided within three months following a written request.” Different fees can be charged to different users, proposes FCA, but the differences must be justified based on reasonable commercial grounds (e.g., based on quantity, scope or proposed field of use). Comments are due by August 3, 2015.