European Commission - Consultation: Financial benchmarks – exemption of certain spot FX benchmarks (BMR review)
The legal act introduces a list of spot FX benchmarks that are exempt from the requirements of the Benchmark Regulation (BMR).
The aim is to ensure that EU banks, investment funds and businesses continue to have access to spot foreign exchange benchmarks that are widely used for hedging purposes, even where the administrators of these rates may not have the incentive to comply with the BMR.
The consultation will run until 2 March 2026
