Authors: Vanessa Havard-Williams, Leanne Banfield, Raza Naeem

Delegated Acts under the Low Carbon Benchmarks Regulation published in the Official Journal of the European Union

The Low Carbon Benchmarks Regulation required all administrators of Benchmarks (other than interest rate and FX) to comply with new requirements to disclose ESG factors in their methodology documents and benchmark statements by 30 April 2020. After much anticipation, they were finally published in the OJEU on 3 December 2020 and will enter into force 20 days thereafter. Parties will therefore need to start making the relevant amendments to their benchmark statements and methodologies to comply with the Level 1 text.