Since its inception in 1998, STOXX has been valued by the market as a provider of neutral, transparent and strictly rules-based indices. Our clients and stakeholders value our deep commitment to high standards in the creation of quality indices. Compliance with the regulations governing the creation and dissemination of indices is a vital part of this.
Our strong governance structure supported by rigorous operational and IT processes enabled us to become fully compliant with all index regulations long before the EU Benchmark Regulation passed into law. We were one of the earliest adopters of the IOSCO Principles for Financial Benchmarks.
Building on this solid foundation, we welcome and support the introduction of the EU Benchmark Regulation and its focus on the accuracy and integrity of benchmarks. We have undertaken an in-depth assessment of our processes and indices to ensure compliance with the EU Benchmark Regulation by the time it comes into effect. We are also in the process of engaging with our clients and stakeholders to provide any support and guidance they may need during this transition period.
The EU Benchmark Regulation (Regulation (EU) 2016/1011) (“Regulation”) is entering into application on 01 January 2018. STOXX is currently working on obtaining recognition according to Art. 32 of the Regulation which allows non-EU firms to provide their indices in the EU (“Recognition”). Independent from the actual date on which STOXX obtains Recognition, customers can use STOXX indices created on or before 01.01.2020 in accordance with the transitional regime under the regulation. STOXX shall update its website once it has obtained recognition status.
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