FCA statements and consultations on approach to new UK BMR powers and LIBOR transition | Practical Law

FCA statements and consultations on approach to new UK BMR powers and LIBOR transition | Practical Law

The FCA has published a statement on amendments to be made to the UK Benchmarks Regulation ((EU) 2016/1011) (UK BMR) by the Financial Services Bill 2019-21 (FS Bill) and consultations on its proposed approach to the use of new powers under the UK BMR. It has also published a statement on its approach to using these powers to ensure an orderly wind-down of LIBOR.

FCA statements and consultations on approach to new UK BMR powers and LIBOR transition

Practical Law UK Legal Update w-028-3976 (Approx. 7 pages)

FCA statements and consultations on approach to new UK BMR powers and LIBOR transition

by Practical Law Financial Services
Published on 18 Nov 2020 • United Kingdom
The FCA has published a statement on amendments to be made to the UK Benchmarks Regulation ((EU) 2016/1011) (UK BMR) by the Financial Services Bill 2019-21 (FS Bill) and consultations on its proposed approach to the use of new powers under the UK BMR. It has also published a statement on its approach to using these powers to ensure an orderly wind-down of LIBOR.