Transcription of Principles for Financial Benchmarks - IOSCO
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Principles for Financial Benchmarks - IOSCO
Principles for Financial Benchmarks Final Report THE BOARD OF THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS FR07/13 JULY 2013 ii Copies of publications are available from: The International Organization of Securities Commissions website International Organization of Securities Commissions 2013. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. iii Foreword The Board of the International Organization of Securities Commissions ( IOSCO ) has published this Final Report. This Report, which has been prepared by the IOSCO Board Level Task Force on Financial Market Benchmarks (Task Force), sets out IOSCO s final Principles on Financial Benchmarks .
economic activity, inflation or consumer price indices) is not within the scope of the s. Principle However, Benchmarks where a National Authority acts as a mechanical Calculation Agent are within the scope of the Principles. The Principles also exclude reference prices or settlement
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