Commonwealth legislation

ASIC Financial Benchmark (Administration) Rules 2018

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

6/10 complexity

These Rules set out how licensed administrators and Contributors must run and manage financial benchmarks used in Australian markets. They impose requirements on governance, benchmark design, data and methods, business continuity and cessation, transparency, accountability and cooperation with ASIC, so administrators and Contributors must change processes and bear compliance costs while ASIC gains a framework for supervision.

JSON API

Deep dive

Want the full deep dive?

Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.

Current sections

Direct links to the current provisions in ASIC Financial Benchmark (Administration) Rules 2018.

About this compilation

Commonwealth Coat of Arms and ASIC logo

ASIC Financial Benchmark (Administration) Rules 2018

About this compilation

Compilation No. 1

This is a compilation of ASIC Financial Benchmark (Administration) Rules 2018 as in force on 10 March 2022. It includes any commenced amendment affecting the legislative instrument to that date.

This compilation was prepared by the Australian Securities and Investments Commission.

The notes at the end of this compilation (the endnotes) include information about amending instruments and the amendment history of each amended provision.

Contents

Chapter 1: Introduction

Part 1.1 Preliminary

Part 1.2 Interpretation

Chapter 2: Obligations on benchmark administrator licensees and Contributors

Part 2.1 Governance, management and resources

Part 2.2 Financial benchmark design, data and method

Part 2.3 Business continuity and risk management

Part 2.4 Cessation of a financial benchmark

Part 2.5 Benchmark administrator licensee’s guidelines for Contributors

Part 2.6 Transparency of, and access to, financial benchmarks

Part 2.7 Accountability

Part 2.8 Cooperation with ASIC

Endnotes

Endnote 1 – Instrument history

Endnote 2 - Amendment history

Compilation No. 1

This is a compilation of ASIC Financial Benchmark (Administration) Rules 2018 as in force on 10 March 2022. It includes any commenced amendment affecting the legislative instrument to that date.

This compilation was prepared by the Australian Securities and Investments Commission.

The notes at the end of this compilation (the endnotes) include information about amending instruments and the amendment history of each amended provision.

Contents

Chapter 1: Introduction

Part 1.1 Preliminary

Part 1.2 Interpretation

Chapter 2: Obligations on benchmark administrator licensees and Contributors

Part 2.1 Governance, management and resources

Part 2.2 Financial benchmark design, data and method

Part 2.3 Business continuity and risk management

Part 2.4 Cessation of a financial benchmark

Part 2.5 Benchmark administrator licensee’s guidelines for Contributors

Part 2.6 Transparency of, and access to, financial benchmarks

Part 2.7 Accountability

Part 2.8 Cooperation with ASIC

Endnotes

Endnote 1 – Instrument history

Endnote 2 - Amendment history

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

About this compilation About this compilation

ASIC Financial Benchmark (Administration) Rules 2018

About this compilation

Compilation No. 1

This is a compilation of ASIC Financial Benchmark (Administration) Rules 2018 as in force on 10 March 2022. It includes any commenced amendment affecting the legislative instrument to that date.

This compilation was prepared by the Australian Securities and Investments Commission.

The notes at the end of this compilation (the endnotes) include information about amending instruments and the amendment history of each amended provision.

Contents

Chapter 1: Introduction

Part 1.1 Preliminary

Part 1.2 Interpretation

Chapter 2: Obligations on benchmark administrator licensees and Contributors

Part 2.1 Governance, management and resources

Part 2.2 Financial benchmark design, data and method

Part 2.3 Business continuity and risk management

Part 2.4 Cessation of a financial benchmark

Part 2.5 Benchmark administrator licensee’s guidelines for Contributors

Part 2.6 Transparency of, and access to, financial benchmarks

Part 2.7 Accountability

Part 2.8 Cooperation with ASIC

Endnotes

Endnote 1 – Instrument history

Endnote 2 - Amendment history

Compilation No. 1 Compilation No. 1

Compilation No. 1

This is a compilation of ASIC Financial Benchmark (Administration) Rules 2018 as in force on 10 March 2022. It includes any commenced amendment affecting the legislative instrument to that date.

This compilation was prepared by the Australian Securities and Investments Commission.

The notes at the end of this compilation (the endnotes) include information about amending instruments and the amendment history of each amended provision.

Contents

Chapter 1: Introduction

Part 1.1 Preliminary

Part 1.2 Interpretation

Chapter 2: Obligations on benchmark administrator licensees and Contributors