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Recital 7

Recital 7

(7)To enable ESMA and national competent authorities to better assess the risk of conflicts of interest and an applicant’s organisational safeguards, applicants should provide ESMA, and where relevant, national competent authorities, with information on how the provision of benchmarks is operationally separated from other parts of their business. Furthermore, to assess whether applicants comply with the record keeping requirements laid down in Article 8 of Regulation (EU) 2016/1011, applicants should provide ESMA, and where relevant, national competent authorities with information on the applicant’s relevant record keeping processes. Finally, to enable ESMA and, where relevant, national competent authorities, to assess whether stakeholders are able to notify complaints to the applicant concerned and whether the applicant is able to evaluate such complaints, applicants should provide ESMA, and where relevant, national competent authorities, with information on such complaint handling mechanism.

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