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ARTICLE · 01 MAY 2019

Benchmarks Regulation: Upcoming Amendment

Arendt & Medernach
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The European Parliament has recently reached a political agreement with the European Council and European Commission regarding the proposal

LuxembourgFinance and Banking
Michèle Eisenhuth
Michèle Eisenhuth
Piotr Giemza-Popowski
Piotr Giemza-Popowski
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The European Parliament has recently reached a political agreement with the European Council and European Commission regarding the proposal for a regulation which will modify Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds (the “Benchmarks Regulation”).

The proposal, adopted at first reading by the European Parliament (“EP”), will then be subject to a final review by the EP’s legal and linguistic departments before its final approval and publication in the Official Journal of the European Union. Although such publication and thus coming into force of the proposed changes is only scheduled for after the European elections, it is not expected that substantial changes will be made to the text of the proposal from this point onwards.

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