FCA proposes amendments to UK rules and clarifies timing for applications by benchmark administrators.

Key Points:

..The FCA is consulting on consequential changes to the Handbook, plus additional UK aspects of implementation.

..Draft forms for authorisation and registration of benchmark administrators are still awaited, but will be made available for comment from 6 July 2017.

..Benchmark administrators will not be able to make formal applications for authorisation or registration until 1 January 2018, but will be able to submit draft applications from October 2017.