S&P DJI establishes EU authorised benchmark administrator in Amsterdam
The Dutch Authority for Financial Markets (AFM) has granted S&P DJI Netherlands (S&P DJI BV) authorisation as a regulated Dutch benchmark administrator, under the EU benchmark regulation.
The authorisation of S&P DJI BV completes the first phase of a two-step implementation process of the EU benchmark regulation by S&P DJI.
As an authorised EU benchmark administrator, S&P DJI BV will act as the ‘endorsing’ administrator for those benchmarks administered by S&P DJI outside of the EU so that EU supervised entities will be able to continue to use such benchmarks after the transition period expires on 1 January 2020.
“We are very pleased with the AFM’s authorisation and are delighted to be opening our office in Amsterdam, a historic city for capital markets,” says Alex Matturri, CEO of S&P Dow Jones Indices. “Since 1884 S&P DJI has established best practices for the transparent and independent governance of our indices. Today’s announcement demonstrates our commitment to a robust financial market system and to developing European capital markets.”
S&P DJI has been committed to the IOSCO Principles for Financial Benchmarks since its publication in 2013, and has conducted an independent annual review of its adherence. It fully supports the objectives of EU Benchmark Regulation and is actively engaged in progressing the EU’s Capital Markets Union project.