Independent auditor assessment required for index providers to verify adherence to benchmark principles and publish the report. Index providers must obtain independent external auditor assessments of adherence to Principles for Financial Benchmarks at least once every two years; auditors must have proven expertise. The first assessment is required within one year of registration, except where an existing entity was assessed within the prior year, in which case the next assessment is due within two years of that assessment. The auditor's report must be published on the index provider's website.
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Provisions expressly mentioned in the judgment/order text.
Independent auditor assessment required for index providers to verify adherence to benchmark principles and publish the report.
Index providers must obtain independent external auditor assessments of adherence to Principles for Financial Benchmarks at least once every two years; auditors must have proven expertise. The first assessment is required within one year of registration, except where an existing entity was assessed within the prior year, in which case the next assessment is due within two years of that assessment. The auditor's report must be published on the index provider's website.
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