Published: 3/21/16
Publication: Lexology
The FCA published a policy statement (PS16/4) on fair, reasonable and non-discriminatory (FRAND) access to regulated benchmarks on 8 February 2016.
The policy statement follows a June 2015 consultation paper (CP15/18) on amendments to the Market Conduct sourcebook (MAR) requiring regulated benchmark administrators to grant access to licences to use benchmarks on a FRAND basis, including with regards to price.