In this Policy Statement we report on the main issues arising from Consultation Paper 15/18 (Fair, reasonable and non-discriminatory access to regulated benchmarks) and publish the final rules.
Why are we issuing this policy statement?
In our June 2015 Consultation Paper CP15/18: Fair, reasonable and non-discriminatory access to regulated benchmarks, we set out proposals for fair, reasonable and non-discriminatory access to regulated benchmarks.
This Policy Statement summarises the responses we received to the Consultation Paper and our view on these responses. It also presents the amended Handbook text that will apply to benchmark administrators.
Who is this policy statement aimed at?
The requirements set out in this Policy Statement affect the administrators of the eight regulated benchmarks. They will also affect relevant users and potential relevant users of these benchmarks. These changes may also be of interest to other firms with a significant profile in the global benchmark industry, trade associations and other stakeholders such as transparency groups. They may be of indirect interest to consumers and organisations that represent consumers.
What are the next steps?
The Handbook provisions come into force on 1 April 2016.