What changes on 01/01/2026

The text in force from 17/01/2025 compared with the text from 01/01/2026, which includes the changes made by Regulation (EU) 2025/914.

Read the act as of 01/01/2026 · other versions: 10/12/2019 · 13/02/2021 · 01/01/2022 · 09/01/2024 · 17/01/2025

Title I

• amended Article 2 - Scope
• amended Article 3 - Definitions

Title II › Chapter 1

• amended Article 5 - Oversight function requirements

Title II › Chapter 2

• amended Article 11 - Input data
• amended Article 13 - Transparency of methodology

Title II › Chapter 3

• amended Article 16 - Governance and control requirements for supervised contributors

Title III › Chapter 2

• amended Article 18 - Interest rate benchmarks
• amended Article 18a - Spot foreign exchange benchmarks

Title III › Chapter 3

• amended Article 19 - Commodity benchmarks based on contributed input data

Title III › Chapter 3A

• amended Article 19a - EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks

Title III › Chapter 5

• inserted Article 24a - Requirements for administrators of significant benchmarks
• amended Article 24 - Significant benchmarks
• amended Article 25 - Exemptions from specific requirements for significant benchmarks

Title IV

• amended Article 27 - Benchmark statement
• amended Article 28 - Changes to and cessation of a benchmark

Title V

• amended Article 29 - Use of critical benchmarks, significant benchmarks, commodity benchmarks subject to Annex II, EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks
• amended Article 30 - Equivalence
• amended Article 32 - Recognition of an administrator located in a third country
• amended Article 33 - Endorsement of benchmarks provided in a third country

Title VI › Chapter 1

• amended Article 34 - Authorisation and registration of an administrator
• amended Article 36 - Register of administrators and benchmarks

Title VI › Chapter 3

• amended Article 40 - Competent authorities
• amended Article 41 - Powers of competent authorities
• amended Article 42 - Administrative sanctions and other administrative measures

Title VI › Chapter 4 › Section 2

• amended Article 48f - Fines
• amended Article 48h - Disclosure, nature, enforcement and allocation of fines and periodic penalty payments

Title VI › Chapter 4 › Section 3

• amended Article 48i - Procedural rules for taking supervisory measures and imposing fines

Title VI › Chapter 4 › Section 4

• amended Article 48n - Transition measures related to ESMA

Title VII

• amended Article 49 - Exercise of the delegation

Title VIII

• amended Article 51 - Transitional provisions
• amended Article 53 - ESMA reviews
• amended Article 54 - Review
• amended Article 58 - Amendments to Directive 2014/17/EU

Outside any heading

• amended Annex III - EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks

Title III › Chapter 6

• deleted Article 26 - Non-significant benchmarks last in force on the version of 17/01/2025