Entry into force of the Benchmark Regulation – 30.06.2016
Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 has been published in the Official Journal of the European Union and enters into force on 30 June 2016.
Adoption of the Regulation of financial benchmarks by the European Parliament – 28.04.2016
On 28 April 2016 the European Parliament approved by a large majority in the plenary session the adoption of the proposed Regulation on financial benchmarks, following a political agreement by the Parliament and the Council in November 2015.
The Regulation will enter into force following formal adoption by the Council, which is expected in May 2016, and publication in the official journal.
Mandate to ESMA – 11.02.2016
On 11 February 2016 the Commission sent a mandate to ESMA for technical advice on possible delegated acts concerning the future Regulation of the European Parliament and of the Council on indices used as benchmarks in financial instruments and financial contracts.