The European Securities and Markets Authority published Model Written Arrangements for Benchmark Colleges (dated September 30, 2016). The Benchmark Regulation requires the national regulator of a benchmark administrator that provides a critical benchmark to establish a college of regulators. ESMA will be a member of each of the colleges. The Model Written Arrangements are intended to provide a framework for establishing a college and for the exchange of information between the relevant regulators.
View the Model Written Arrangements.