RBI releases Draft Directions on Financial Benchmark Administrators
February, 18th 2019
The Reserve Bank of India today released draft directions on Financial Benchmark Administrators. Comments on the draft directions are invited from market participants and other interested parties by March 08, 2019.
Feedback on the draft directions may be forwarded to:
The Chief General Manager, Reserve Bank of India Financial Markets Regulation Department 1st Floor, Main Building Shahid Bhagat Singh Marg, Fort, Mumbai – 400001
Or by email with subject line “Feedback on draft directions on Financial Benchmark Administrators”
These draft directions are based on the Report of the Committee on Financial Benchmarks set up by the Reserve Bank and are guided by the International best practices such as the Principles for Financial Benchmarks of International Organization of Securities Commissions (IOSCO) as well as the laws/ regulations put in place in other jurisdictions.