Financial benchmarks

Significant financial benchmarks

On 6 June 2018, ASIC made the ASIC Corporations (Significant Financial Benchmarks) Instrument 2018/420, which specifies five significant financial benchmarks.

Declaration

ASIC Corporations (Significant Financial Benchmarks) Instrument 2018/420 and the explanatory statement 

Benchmark Administrators

Exempt benchmark administrators

ASIC considers that the Reserve Bank of Australia and Australian Bureau of Statistics may rely on s5A(4) of the Corporations Act, and therefore are not required to be licensed as benchmark administrators and do not require specific exemptions.

Administration Rules

On 6 June 2018, ASIC made the ASIC Financial Benchmark (Administration) Rules 2018, which impose certain key obligations on licensed benchmark administrators and require contributors to licensed benchmarks to cooperate with ASIC.

Rules

ASIC Financial Benchmark (Administration) Rules 2018 and the explanatory statement 

Guidance

Regulatory Guide 268 Licensing regime for financial benchmark administrators (RG 268)

Compelled rules

On 6 June 2018, ASIC made the ASIC Financial Benchmark (Compelled) Rules 2018 which enable ASIC to require, by written notice, the continued administration of a significant benchmark or compelled submissions to a significant benchmark.

Rules

ASIC Financial Benchmark (Compelled) Rules 2018 and the explanatory statement 

Consultation

On 17 July 2017, ASIC's consulted on the financial benchmarks regime in Consultation Paper 292  Implementing the financial benchmark regulatory regime (CP 292). 

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Last updated: 27/09/2018 09:36