Draft European Commission decision recognises Japan’s equivalence under BMR

Article summary

The European Commission has published a draft implementing decision on the equivalence of the legal and supervisory framework applicable to benchmarks in Japan under the Benchmarks Regulation (EU) 2016/1011 (BMR). The draft decision recognises Japan’s framework as equivalent to the corresponding requirements under the BMR, and finds that the relevant requirements are subject to effective supervision and enforcement on an ongoing basis. Feedback on the draft decision is sought by 4 May 2020.