Story perspectives

UK Plans Major Overhaul of Financial Benchmark Regulations

12/18/2025

Summary

Story summary

The UK government plans to reform financial benchmark regulations to reduce compliance burdens by focusing oversight on benchmarks that pose significant systemic risks.
The reforms could free 80% to 90% of benchmark administrators from strict regulation.
Currently, all benchmarks, including FTSE 100 and MSCI indices, are regulated by the Financial Conduct Authority (FCA).
The finance ministry seeks industry feedback by March 11, 2026 to refine a more efficient regulatory framework.

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Story summary

The UK government plans to reform financial benchmark regulations to reduce compliance burdens by focusing oversight on benchmarks that pose significant systemic risks.
The reforms could free 80% to 90% of benchmark administrators from strict regulation.
Currently, all benchmarks, including FTSE 100 and MSCI indices, are regulated by the Financial Conduct Authority (FCA).
The finance ministry seeks industry feedback by March 11, 2026 to refine a more efficient regulatory framework.