S&P Dow Jones Indices establishes EU Authorised Benchmark Administrator in Amsterdam
S&P Dow Jones Indices establishes EU Authorised Benchmark Administrator in Amsterdam
S&P DJI today announced that the Dutch Authority for Financial Markets (AFM) granted S&P DJI Netherlands B.V. (S&P DJI BV) authorisation as a regulated Dutch benchmark administrator, under the EU benchmark regulation. The authorisation of S&P DJI BV completes the first phase of a two-step implementation process of the EU benchmark regulation by S&P DJI.
S&P DJI today announced that the Dutch Authority for Financial Markets (AFM) granted S&P DJI Netherlands B.V. (S&P DJI BV) authorisation as a regulated Dutch benchmark administrator, under the EU benchmark regulation. The authorisation of S&P DJI BV completes the first phase of a two-step implementation process of the EU benchmark regulation by S&P DJI.
As an authorised EU benchmark administrator, S&P DJI BV will act as the ‘endorsing’ administrator for those benchmarks administered by S&P DJI outside of the EU so that EU supervised entities will be able to continue to use such benchmarks after the transition period expires on January 1, 2020.
“We are very pleased with the AFM’s authorisation and are delighted to be opening our office in Amsterdam, a historic city for capital markets,” said Alex Matturri, CEO of S&P Dow Jones Indices. “Since 1884 S&P DJI has established best practices for the transparent and independent governance of our indices. Today’s announcement demonstrates our commitment to a robust financial market system and to developing European capital markets.”