Benchmarks Regulation & Structural Changes to Deutsche Börse Group’s Index business
EU Benchmarks Regulation
The EU Benchmarks Regulation applies since 1 January 2018 and affects both EU and non-EU entities that administer indices that are used in the EU as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds. In the UK, after ‘Brexit’, the administration and use of financial benchmarks will be subject to UK legislation. However, UK legislation replicates the EU Benchmarks Regulation.
On 31 July, 2019, STOXX Ltd. (STOXX) has acquired recognition by the German Federal Financial Supervisory Authority (BaFin) as a third-country administrator in accordance with Art. 32 of the EU Benchmarks Regulation. STOXX and the indices administered by STOXX have been included in the ESMA Benchmarks register under Art. 36 of the EU Benchmarks Regulation.
Transfer of administration of Deutsche Börse AG’s indices
In an effort to realize synergies within the Deutsche Börse Group's index business, Deutsche Börse AG (DBAG) has transferred on August 21, 2019 its index administrator role (as defined under the EU Benchmarks Regulation) in relation to the DBAG’s indices (DAX, eb.rexx, etc.) to STOXX. This transfer will not affect customer's contractual relationship with DBAG.
More details about the Axioma transaction is available here.
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|Declarations of Compliance||Download|
|Press Release July 31, 2014.|
|IOSCO Letter of Compliance|
|IOSCO and ESMA-EBA|
|Information on Managing Conflicts of Interests within STOXX Ltd|
|Input Data Policy|
|Benchmark Transition Policy|
|Changes to Methodology Policy|
|IOSCO and ESMA-EBA Compliance Audit Report – For 2017|
|IOSCO and ESMA-EBA Compliance Audit Report – For 2016|
|IOSCO and ESMA-EBA Compliance Audit Report – For 2015|
|IOSCO and ESMA-EBA Compliance Audit Report – For 2014|