On March 24, 2025, the European Council adopted a regulation on financial benchmarks aimed at simplifying rules for EU SMEs. The legislation excludes non-significant benchmarks, while significant and critical ones remain subject to regulation. Administrators of non-significant benchmarks can choose to opt into a voluntary regime. The regulation also introduces changes for ESG benchmarks, such as CTB and PAB, requiring compliance with registration and oversight requirements. However, administrators are no longer obligated to provide PAB or CTB benchmarks. By 2029, the Commission, in collaboration with ESMA, will evaluate the effectiveness of ESG benchmark regulations.
Source: EticaNews
