Proposed Amendments to the EU Benchmarks Regulation
30 July 2020
Client Alert | Europe | Banking & Finance | EU Benchmarks Regulation
On 24 July 2020, the European Commission published a proposal for amending Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds (the "EU Benchmarks Regulation").
The proposal aims notably at granting new powers to the European Commission to facilitate the transition of "tough legacy" contracts to replacement benchmarks.
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