FCA publishes PS16/4 on access to regulated benchmarks

The FCA has today published a policy statement (PS16/4) on fair, reasonable and non-discriminatory access to regulated benchmarks. The document reports on the main issues arising from Consultation Paper 15/18 and publish the final rules.

In this consultation paper the FCA had set out proposals for fair, reasonable and non-discriminatory access to regulated benchmarks. This Policy Statement summarises the responses the FCA has received to the consultation paper and the regulator’s view on these responses. It also presents the amended Handbook text that will apply to benchmark administrators.

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.

The Handbook provisions come into force on 1 April 2016.

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

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