ESMA Guidelines and Recommendations

ESMA updates benchmarks Q&As on third country issues

ESMA Guidelines and Recommendations

Date: 20 November 2017

On 8 November 2017, the European Securities and Markets Authority (ESMA) published updated Questions and Answers  (Q&As) regarding the implementation of the Benchmarks Regulation (BMR).


The Q&A include two new answers regarding the following topics:


  • Scope of the BMR: Application of the BMR outside the EU; and
  • Transitional provisions: Transitional provisions applicable to third country benchmarks.