Index provider MerQube UK Limited has announced that it has been authorised by the UK’s Financial Conduct Authority (FCA) to carry on the regulated activity of administering benchmarks under Article 34 of the Regulation (EU) 2016/1011/EU) – Benchmarks Regulation (UK BMR).
The firm writes that its BMR authorisation is a reflection of the company’s high standards in benchmark administration and the quality, reliability and integrity of its benchmark services. The FCA authorisation will allow MerQube to provide benchmark services to its clients in the UK.
Keith Loggie, COO at MerQube, says: “Achieving BMR authorisation is a reflection of our high standards and commitment to best practices. We are very proud that our state-of-the-art technology, system infrastructure and governance controls meet this global standard of excellence in the provision of index services.”
Roby Muntoni, CCO at MerQube and CEO at MerQube UK, says: “By successfully registering for this globally respected regulation we can further accelerate our plans to roll out the provision of high tech support and services to our indexing clients in the UK and throughout Europe.”