ESMA Updates Q&A on Transitional Provisions in Benchmarks Regulation

ESMA updated an answer in the questions and answers (Q&A) document on the Benchmarks Regulation (Regulation 2016/1011) in EU. The updated answer further clarifies the applicable transitional provisions for third-country benchmarks. In general, the updated Q&A provide guidance to market participants on requirements under the Benchmarks Regulation. The Q&A document is aimed at competent authorities under the Benchmarks Regulation, to ensure that their supervisory activities are aligned with the common practices set out in the responses adopted by ESMA. The purpose of this Q&A is to promote common supervisory approaches and practices in the application of Benchmarks Regulation.