Regulation of benchmarks

Copyright © 2025 LexisNexis

This overview provides a guide to the Financial Services content within the Regulation of benchmarks subtopic, with links to the appropriate materials.

UK Benchmarks Regulation

Assimilated Regulation (EU) 2016/1011 (the UK Benchmarks Regulation) aims to protect investors and regain consumer confidence in the indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and the benchmark setting process. The UK Benchmarks Regulation also seeks to address the issue of transparency in all aspects of benchmarks allowing users of a benchmark to make the most appropriate economic decisions.

For information on the UK Benchmarks Regulation, see Practice Notes:

  1. •

    UK Benchmarks Regulation—one minute guide

  2. •

    UK Benchmarks Regulation—essentials, and

  3. •

    UK Benchmarks Regulation—timeline

Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018, SI 2018/135

The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018, SI 2018/135, as amended by the Financial Services and Markets Act 2000 (Benchmarks) (Amendment) Regulations 2019, SI

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL
Powered by Lexis+®
Latest Financial Services News

FCA investigating 76 cases of non-financial misconduct

Law360, London: The Financial Conduct Authority (FCA) is currently investigating 76 cases of bullying, harassment or discrimination in the financial sector, a senior executive has told a parliamentary committee.

IOSCO publishes four new publications

The International Organization of Securities Commissions (IOSCO) has published the final report on pre-hedging, final report on ESG indices as benchmarks, consultation report on recommendations for secondary market disclosure and a statement on the Importance of high-quality valuation information in financial reporting as part of its 2025 workplan. The reports address key regulatory challenges in financial markets and aim to promote consistent standards, investor protection and market integrity across jurisdictions.

PRA and FCA publish joint guidelines on Berne Financial Services Agreement

The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have jointly published guidelines to assist firms considering providing services under the Berne Financial Services Agreement (BFSA). The guidelines aim to clarify expectations, outline operational considerations and help ensure compliance with applicable regulatory standards. The BFSA is an outcomes-based mutual recognition agreement between the UK and Switzerland, designed to facilitate cross-border financial services trade by providing new market access in selected areas and securing existing levels of access. Under the BFSA, UK insurance companies can offer certain wholesale insurance services in Switzerland without obtaining Swiss authorisation, while Swiss firms can offer certain investment services to sophisticated clients in the UK without requiring UK authorisation. The BFSA is set to take effect on 1 January 2026.

Financial Services—other developments (03/11/2025)

A round-up of other developments, which have not been covered in full by the LexisNexis Financial Services practical guidance team but may nevertheless be of interest.

View Financial Services by content type :  
News
Practice notes
Precedents
Q&As

Popular documents

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of
What is the difference between an appeal and a review?

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Late payment penalties—inheritance tax

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of