Changes to the EU Benchmarks Regulation: new rules for benchmark providers and users (November 2023)
Client Briefings
Introduction
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The European Commission has published a legislative proposal for a new Regulation removing most 'non-significant benchmarks' from the scope of the EU Benchmarks Regulation. However, the new Regulation would also impose new obligations on non-EU administrators of benchmarks which are widely used in the EU and would prohibit non-EU administrators providing certain EU-labelled low-carbon benchmarks. If adopted, the new Regulation would apply from 1 January 2026, immediately after the end of the current transitional period for non-EU benchmarks.
