CAPITAL MARKETS -

ESMA updates Q&As on the Benchmarks Regulation (BMR): May 2019 On 23 May, ESMA published an updated version of its Q&As on the BMR. The purpose of this document is to promote common, uniform and consistent supervisory approaches and practices in the day-to-day application of BMR. The new Q&As provide clarification on the following issues: (i) the information included in the ESMA register of administrators of benchmarks; (ii) determination of the Member State of reference; and (iii) the role of the International Organization of Securities Commissions’ (IOSCO) principles and of external audit in the recognition of third country administrators. ESMA previously last updated the Q&As in January.