The European Commission has adopted a delegated regulation under the Benchmarks Regulation on cessation of, or changes to, existing benchmarks which do not meet the requirements under this Regulation. It sets out a non-exhaustive list of conditions to help competent authorities to assess whether a change of the provider of an index could result in a force majeure event, or frustrate or otherwise breach contractual terms or rules of a fund or financial instrument.

If neither the Council of the EU nor the European Parliament object, the delegated regulation will enter into force 20 days after its publication in the Official Journal of the EU (OJ).

Read the delegated regulation »