Regulation (EU) 2019/2089 as regards EU
Climate Transition Benchmarks, EU Paris-aligned Benchmarks and
sustainability-related disclosures for benchmarks was published in
the Official Journal of the European Union on 9 December 2019. It
amends the Benchmarks Regulation (EU) 2016/1011
("BMR") by adding provisions with
respect to EU Climate Transition Benchmarks, EU Paris-aligned
Benchmarks and sustainability-related disclosures for
benchmarks.
Article 51 of the BMR has been amended in order to extend the
transitional provisions applicable to third country benchmarks
until 31 December 2021. ESMA has updated Q 9.3 of its Q&A on
BMR accordingly.
Additional transitional provisions have been added to Article 51
to allow the provision and the use of existing benchmarks that have
been recognised as critical benchmarks for existing and new
financial instruments, financial contracts, or for measuring the
performance of investment funds until 31 December 2021 (instead of
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