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18.03.2020

Artikel Nummer: 31168

Special authorisation of Baltic Exchange


Baltic Exchange Information Services (Beisl), the Baltic Exchange’s and Singapore Exchange's (SGX) subsidiary, has been authorised by the UK’s financial conduct authority (FCA) as a benchmark administrator under the EU benchmarks regulation.

 

Thus, the Baltic Exchange’s daily dry bulk, tanker and gas freight indices are regulated by an EU national competent authority. Having come into effect on 1 January 2020 for EU administrators, the EU benchmarks regulation requires administrators of a range of benchmarks to put in place appropriate governance arrangements, to have effective controls to ensure the integrity of input data and to maintain adequate records.

 

Beisl engages an accounting firm to conduct an annual review of its compliance while panellists are subject to regular audits. (mw)

www.balticexchange.com/about-us/beisl

 

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