Summary
This regulation streamlines rules for financial benchmarks by focusing oversight on those with high economic impact and climate relevance. 9 24.04.2024
Report
economy
finance
environment
social policy
administrative reform
public administration
business and competition
information technology and data processing
Key points
- The regulation narrows the scope of strict rules to only focus on significant, critical, and climate-related benchmarks.
- A benchmark is considered significant if its total average value exceeds 50 billion euros.
- Administrators of significant benchmarks must seek authorization or registration within 60 working days of reaching the threshold.
- Users of a benchmark that is flagged as non-compliant must replace it with an alternative within 6 months.
Vote
PPE (102)
S&D (70)
Renew (38)
PfE (33)
Verts/ALE (31)
ECR (28)
The Left (14)
NI (7)
ESN (4)
Total
241 In favor17 Against8 Abstained61 Absent
Vote
PPE
S&D
Renew
PfE
Verts/ALE
ECR
The Left
NI
ESN
Total
Documents (PDFs)
DRAFT RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements
RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements
PROVISIONAL AGREEMENT RESULTING FROM INTERINSTITUTIONAL NEGOTIATIONS Proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements
DRAFT REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements
Amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements
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