S&P Dow Jones Indices (S&P DJI) establishes EU Authorised Benchmark Administrator in Amsterdam

LONDON, Dec. 5, 2018 /PRNewswire/ -- S&P DJI today announced that the Dutch Authority for Financial Markets (AFM) granted S&P DJI Netherlands B.V. (S&P DJI BV) authorisation as a regulated Dutch benchmark administrator, under the EU benchmark regulation. The authorisation of S&P DJI BV completes the first phase of a two-step implementation process of the EU benchmark regulation by S&P DJI. 

As an authorised EU benchmark administrator, S&P DJI BV will act as the 'endorsing' administrator for those benchmarks administered by S&P DJI outside of the EU so that EU supervised entities will be able to continue to use such benchmarks after the transition period expires on January 1, 2020.

"We are very pleased with the AFM's authorisation and are delighted to be opening our office in Amsterdam, a historic city for capital markets," said Alex Matturri, CEO of S&P Dow Jones Indices. "Since 1884 S&P DJI has established best practices for the transparent and independent governance of our indices. Today's announcement demonstrates our commitment to a robust financial market system and to developing European capital markets."

S&P DJI has been committed to the IOSCO Principles for Financial Benchmarks since its publication in 2013, and has conducted an independent annual review of its adherence. It fully supports the objectives of EU Benchmark Regulation and is actively engaged in progressing the EU's Capital Markets Union project.

S&P DJI Netherlands B.V. is listed on the ESMA register for benchmark administrators https://registers.esma.europa.eu/publication/.  More information on S&P DJI's governance framework can be found on the governance page of S&P DJI's website.

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: www.spdji.com.

SOURCE S&P Dow Jones Indices

For further information: Soogyung Jordan, Global Head of Communications, New York, USA, (+1) 212 438 2297, soogyung.jordan@spglobal.com; Nadja Jiang, APAC Communications, Hong Kong, CHINA, (+852) 2841 1017, nadja.jiang@spglobal.com; Asti Michou, EMEA Communications, London, UK, (+44) 0 20 7176 0311, asti.michou@spglobal.com