ESMA · ESMA_QA_755 Answer Published

Written plans under Article 28(2) (ESMA70-145-114_Q&A 8.2)

Regulation
Benchmarks Regulation (BMR) - Regulation 2016/1011
Topic
Benchmarks Regulation
Submitted
2023-03-31
Answered
2018-09-26
More Q&As on this regulation →

Question

When are the written plans robust?

Answer

ESMA considers that written plans are robust if they determine operational procedures in writing and if they include detailed courses of action, relevant communication channels and arrangements for different scenarios and contingencies. Written plans should be thorough and adequate. They should reflect the nature and size of the individual benchmark and the scale of its use in the markets. ESMA further considers that maintaining the robust written plans requires supervised entities to continuously monitor relevant factors and update arrangements as appropriate.
View original on European Securities and Markets Authority ↗

This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

Similar Q&As

Written plans under Article 28(2) (ESMA70-145-114_Q&A 8.3)

Answered 2018-09-26

Written plans for cessation or material changes of a benchmark (ESMA70-145-114_Q&A 8.1)

Answered 2017-12-14

Contents of group resolution plans

Answered 2015-07-24

Temporary disruptions to the provision of a benchmark in the context of Article 28(2) of the BMR (ESMA70-145-114 QAs on BMR Q&A 8.6)

Answered 2022-01-28

Approval of business reorganisation plan

Answered 2015-02-06

More Q&As on this topic

Application of the Regulation outside the EU (ESMA70-145-114 Q&A_4.4)

Answered 2023-12-15

Transitional provisions applicable to third country benchmarks (ESMA 70-145-114 Q&A9.3)

Answered 2023-12-15

The legal representative under Article 32(3) of BMR (ESMA70-145-114_Q&A 7.7)

Answered 2023-03-31

Readily available data

Answered 2022-06-23

Scope of the Benchmark Regulation (ESMA70-145-114 Q&As BMR - Q&A 4.7)

Answered 2021-07-29

📋 Track EU financial regulation continuously

Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.

Start free trial → Learn more

14-day free trial. No credit card required.