IHS Markit Receives Authorisation as Benchmark Administrator in the Netherlands

The Netherlands Authority for Financial Markets has authorised the Dutch entity of HIS Markit, Markit NV, as an administrator under the European Benchmark Regulation. Last year IHS Markit was also approved by the UK’s FCA, making it the first benchmark administrator to be authorised by National Competent Authorities in both the UK and Europe. The dual authorisation should offer some reassurance to clients in the event the UK exits the EU, while the firm can also now endorse third country benchmarks for use in the EU and assist third country benchmark administrators gain recognition in the EU27.