Confirmation of compliance for guidelines on methodology oversight function and record keeping requirements

26 May 2023

ESMA81-393-477

GUIDELINES COMPLIANCE TABLE

Guidelines on methodology, oversight function and record-keeping

requirements under the Benchmarks Regulation (ESMA81-393-288)

The following competent authorities comply or intend to comply with ESMA’s Guidelines on

methodology, oversight function and record-keeping requirements under the Benchmarks

Regulation:

Competent

authority

Complies

intends to

comply

Comments

Member States

Belgium

Financial Services and

Markets Authority

(FSMA)

Yes

Bulgaria

Financial Supervision

Commission (FSC)

Yes

Bulgaria

Bulgarian National

Bank

Intends to

comply *

Intends to comply by the date a relevant

institution or instrument will exist in the

jurisdiction

Czech

Republic

Czech National Bank

(CNB)

Yes

Denmark

Finanstilsynet

Yes

Germany

BaFin

Yes

Estonia

Finantsinspektsioon

(FSA)

Yes

https://www.fi.ee/et/juhendid/pangand

us-ja-krediit/euroopa-

vaartpaberiturujarelevalve-esma-

suuniste-suunised-vordlusaluste-

maaruse-kohaselt-kasutatava

Ireland

Central bank of Ireland

Yes

Greece

Hellenic Capital

Market Commission

(HCMC)

Yes

http://www.hcmc.gr/el_GR/web/portal/eli

b/news

Competent

authority

Complies

intends to

comply

Comments

Spain

Comisión Nacional del

Mercado de Valores

(CNMV)

Yes

http://www.cnmv.es/DocPortal/Quees/Pr

ocedimientos/P01-Supervision-e-

inspeccion_en.pdf

France

Autorité des Marchés

Financiers (AMF)

Yes

https://www.amf-france.org/en/news-

publications/news/benchmarks-amf-will-

apply-esma-guidelines

Croatia

Hrvatska agencija za

nadzor financijskih

usluga (HANFA)

Yes

OSN - Smjernice o metodologiji, funkciji

nadzora i vođenju evidencije u skladu s

Uredbom o referentnim vrijednostima

(ESMA81-393-288)

Italy

Commissione

Nazionale per le

Società e la Borsa

(CONSOB)

Yes

Cyprus

Cyprus Securities and

Exchange Commission

(CySEC)

Yes

https://www.cysec.gov.cy/public-

info/circulars/supervised/BENCH

MARK-PROVIDERS/92548/

Latvia

Financial and Capital

Market Commission

(FCMC)

Intends to

comply *

Intends to comply by the date a relevant

institution or instrument will exist in the

jurisdiction

Lithuania

Lietuvos bankas (LB)

Intends to

comply *

Intends to comply by the date a relevant

institution or instrument will exist in the

jurisdiction

Luxembourg

Commission de

Surveillance du

Secteur Financier

(CSSF)

Yes

Hungary

Magyar Nemzeti Bank

(MNB)

Intends to

comply *

Intends to comply by the date a relevant

institution or instrument will exist in the

jurisdiction

Malta

Malta Financial

Services Authority

(MFSA)

Yes

Netherlands

Authority for the

Financial Markets

(AFM)

Yes

Austria

Financial Market

Authority (FMA)

Yes

https://www.fma.gv.at/en/eu/esma-

guidelines/

Poland

Komisja Nadzoru

Finansowego (KNF)

Yes

Competent

authority

Complies

intends to

comply

Comments

Portugal

Comissão do Mercado

de Valores Mobiliários

(CMVM)

Yes

https://www.cmvm.pt/pt/Cooperacao/es

ma/DocumentosESMACESR/Document

s/guidelines%20bmr.pdf.

Romania

Romanian Financial

Supervisory Authority

(ASF)

Yes

Slovenia

Securities Market

Agency (SMA)

Yes

Slovakia

National Bank of

Slovakia (NBS)

Yes

Finland

Finanssivalvonta

(FSA)

Yes

Sweden

Finansinspektionen

(FI)

Yes

EEA EFTA States **

Iceland

Central Bank of

Iceland

Intends to

comply

By the time an administrator of the

relevant benchmarks is operating in the

jurisdiction

Liechtenstein

Finanzmarktaufsicht

(FMA)

Yes

https://www.fma-li.li/files/list/fma-

mitteilung-2012-2-anwendung-esma-

leitlinien.pdf

Norway

Finanstilsynet

Yes

* Please note that, in the interest of transparency, if a competent authority continues to intend

to comply after the application date, it will be considered “non-compliant” unless (A) the

Guidelines relate to a type of institution or instruments which do not currently exist in the

jurisdiction concerned; or (B) legislative or regulatory proceedings have been initiated to bring

any national measures necessary to comply with the Guidelines in force in the jurisdiction

concerned.

** The competent authorities of the EEA States other than the Member States of the European

Union are required to notify their compliance with ESMA’s Guidelines relating to a legal act

that has been incorporated in the EEA Agreement. This compliance table reports on Guidelines

relating to Regulation (EU) 2016/1011, which has not yet been incorporated in the EEA

Agreement. This table is therefore based on information provided from those competent

authorities of the EEA States on a voluntary basis.

Notes

Article 16(3) of Regulation (EU) No 1095/2010 (the ESMA Regulation) requires national competent authorities to

inform us whether they comply or intend to comply with each Guideline or recommendation we issue. If a competent

authority does not comply or does not intend to comply it must inform us of the reasons. We decide on a case by

case basis whether to publish reasons.

ESMA endeavours to ensure the accuracy of this document, however, the information is provided by the competent

authorities and, as such, ESMA cannot accept responsibility for its content or any reliance placed on it.

For further information on the current position of any competent authority, please contact that competent authority.

Contact details can be obtained from our website (www.esma.europa.eu).