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Hengeler Mueller advises ICF BANK AG on registration as a benchmark administrator

July 2019 - EU & Competition. Legal Developments by Hengeler Mueller .

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ICF BANK AG Wertpapierhandelsbank has successfully completed the registration procedure as a benchmark administrator under the EU Benchmarks Regulation.

Issued in 2016, the EU Benchmarks Regulation covers the provision of benchmarks that are used for financial products. From 1 January 2020, benchmark administrators based in the EU will require a license to provide benchmarks. The use of a benchmark by supervised entities is only permitted if the administrator has obtained the required license.

Hengeler Mueller advised ICF BANK AG on the registration procedure. The team included partner Christian Schmies and associate Tobias Wohlfarth (both Asset Management, Frankfurt).

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