FCA Consults on UK Implementation of EU Benchmarks Regulation

Latham & Watkins LLP

FCA proposes amendments to UK rules and clarifies timing for applications by benchmark administrators.

Key Points:

..The FCA is consulting on consequential changes to the Handbook, plus additional UK aspects of implementation.

..Draft forms for authorisation and registration of benchmark administrators are still awaited, but will be made available for comment from 6 July 2017.

..Benchmark administrators will not be able to make formal applications for authorisation or registration until 1 January 2018, but will be able to submit draft applications from October 2017.

Please see full Alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Latham & Watkins LLP | Attorney Advertising

Written by:

Latham & Watkins LLP

Latham & Watkins LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.