ESMA is seeking input to assist it in formulating its proposals for draft RTS and technical advice to the European Commission in respect of the Benchmark Regulation. The discussion paper covers the following areas: definition of benchmarks, requirements for the benchmark oversight function, requirements for the benchmark input data, governance and control requirements for supervised benchmark contributors, authorisation and registration of an administrator and transparency requirements regarding the benchmark methodology. The discussion paper is based on the version of the Benchmark Regulation agreed between the European Parliament and EU Council in November 2015. The exact date of the entry into force of the Benchmark Regulation is still unknown, although it is expected to be late May or early June 2016. Comments on the paper are requested by 31 March 2016.