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||File|
|Press Release July 31, 2014.|
|IOSCO Letter of Compliance|
|IOSCO and ESMA-EBA|
Notice: Access to assurance report with respect to the Statement of Compliance
with the IOSCO Principles for Financial Benchmarks and the EU Benchmark
Regulation of STOXX Ltd. prepared by PwC.
This PDF file (the “Document”) consists of the independent practitioner’s assurance report (the “Assurance Report“), prepared by PricewaterhouseCoopers AG, , Switzerland, (“PwC”) in accordance with International Standard on Assurance Engagements 3000 “Assurance Engagements other than Audits or Reviews of Historical Financial Information” (ISAE 3000 (revised)) and dated 2 March 2022, and of the Statement of Compliance of STOXX Ltd (the “Company”) with the Principles for Financial Benchmarks published by the International Organisation of Securities Commissions (IOSCO) in July 2013 and Regulation (EU) 2016/1011 of 8 June 2016 (including corresponding regulatory and implementing technical standards (RTS/ ITS) as well as delegated acts (DA) on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds (collectively referred to as “Benchmark Regulation”) for the period from 1 January 2020 to 31 December 2020 (the “Report”).
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