Amendment to Regulation (EU) 2016/1011

This procedure updates the rules governing financial benchmarks, which are the standard reference rates used to price financial instruments and loans. It aims to ensure these benchmarks are reliable, transparent, and robust to prevent market manipulation and maintain financial stability across the European Union.

The changes affect financial institutions, benchmark administrators, and investors. It specifically clarifies how benchmarks from non-EU countries can be used within the Union and introduces stricter reporting requirements for administrators.