ESMA consulting on benchmark regulation

ESMA, the European Securities and Markets Authority, has published a discussion paper on the technical implementation of the incoming Benchmarks Regulation. ESMA says it is seeking stakeholder input to inform future proposals on draft regulatory technical standards and technical advice to the European Commission.

ESMA says it will hold an open hearing on the paper on February 29 in Paris and will use the responses to develop detailed implementing measures on which it will publish a follow-up consultation in the third quarter of this year.