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EU ministers approve final commodity price benchmark rules

Posted on 18 May 2016

EU ministers Tuesday approved the final text of EU rules that will govern all benchmarks used to price financial instruments, including commodity price benchmarks, on behalf of the EU Council. The rules will apply to commodity price benchmarks produced by price reporting agencies such as S&P Global Platts.
This was the last formal approval needed, after the European Parliament approved on April 28 a text already agreed informally with the council and the European Commission. The next step is for the text to be translated into all the EU’s official languages and published in the EU’s Official Journal, becoming binding a day later………………………………………..Full Article: Source


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