News

2018

13 April 2018

Introducing our blog

At Foxberry we are passionate about financial indices. To share our thoughts on index related topics and technology, we are excited to introduce our blog. Feedback is always welcome.

2 March 2018

Foxberry gains FCA benchmark permission

We are pleased to announce that, as as a result of Regulation 66 of the Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018, Foxberry is now deemed to have a permission under Part 4A of the Financial Services and Markets Act 2000 to carry on the regulated activity of administering a benchmark. The so called Part 4A permission took effect on 27 February 2018 and constitutes Foxberry's registration for the purposes of Article 34 of the EU benchmark regulation, formally referred to as Regulation (EU) 2016/1011. This new “Administering a Benchmark” permission comes in addition to Foxberry’s other regulated activities.

5 February 2018

Foxberry gains EU benchmark regulation registration

The London based index provider Foxberry Ltd has become one of the first registered benchmark administrators under the EU benchmark regulation. The EU benchmark regulation, formally referred to as Regulation (EU) 2016/1011, was created by the EU in response to high profile investigations into the integrity of financial indices and came into force in January 2018, but is being implemented during a transitional period of two years. Foxberry was already complying with the IOSCO principles for financial benchmarks, and has been welcoming the introduction of the EU benchmark regulation. Foxberry CEO Henrik Brunlid commented: “Increased transparency and decreased risk of conflicts of interest are at the core of Foxberry’s business model. Gaining early EU benchmark recognition demonstrates our commitment to these objectives.” The EU benchmark regulation registration was conducted by the FCA and comes in addition to Foxberry’s other regulated activities.

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