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- FTSE Russell fully supports objectives of European Benchmark Regulation
- FTSE International Limited’s authorisation underpins FTSE Russell’s commitment to strong governance, product quality and accountability
FTSE Russell, a leading global index and data provider, is pleased to announce that FTSE International Limited has received regulatory approval from the UK’s Financial Conduct Authority (FCA) to be authorised as a Benchmark Administrator, under the European Benchmark Regulation (EU BMR). The EU BMR introduced a common framework to ensure the accuracy and integrity of indexes used as benchmarks in the European Union. FTSE Russell is firmly committed to ensuring the highest standards of index governance and is fully supportive of the objectives of the EU BMR.
The FCA authorisation is comprehensive across asset classes and covers the FTSE, Russell, FTSE TMX and FTSE MTS equity and fixed income indexes that are known to be used as benchmarks in the European Union. FTSE International Limited is listed on the FCA register and will be on the ESMA register for administrators.
The fixed income indexes acquired from Citigroup Indices LLC in August 2017 will continue to be administered by the US-based entity, FTSE Fixed Income LLC, according to the EU BMR’s third country transitional provisions. The process of the transition to FTSE International Limited as the administrator is being managed in conjunction with the rebranding of Citi’s Fixed Income Indexes to FTSE Fixed Income Indexes.
Mark Makepeace, CEO of FTSE Russell, said:
“We are committed to promoting the highest possible governance standards within our industry. As such, we fully embrace the principles within the European Benchmark Regulation to enhance and promote transparency and openness in all benchmark decisions. We will continue to work closely with our clients to support them in implementing the regulation.”
