EU BMR Compliance
Maintain compliance using Classify360.
The European Union Benchmarks Regulation (EU BMR) utilizes benchmarks to measure the performance of an investment fund for the purpose of tracking returns. The EU BMR applies to any benchmark used within the UK and ensures benchmarks are robust and reliable, minimizing conflicts of interest in benchmark-setting processes.
Benchmark administrators will meet regulatory expectations of the EU BMR compliance by managing operational risk and compliance.
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How Classify360 Benchmarks Regulation Compliance
Enable Data Privacy and Regional Regulation
Identify data falling under governance of EU BMR and other geographically-based regulations to take appropriate compliance measures.
No Additional Copies of Data
Classify360’s inverted index provides a rapid, thorough search of connected data sources without making copies and the associated additional risk. Chain of custody is automatically documented and maintained, clearly demonstrating files were not opened or altered by the Classify360 platform. The CDMHub ensures only data stewards with appropriate security permissions have access to data for review purposes.
Avoid Financial and Reputational Damages
Failure to comply with EU BMR can result in a fine equivalent to 10% of a firm’s annual revenue. Furthermore, lack of compliance can cause irreversible reputational damage.
Actionable Workflows to Maintain Historical and Ongoing Compliance
Achieve historical compliance with untouched dark data and maintain ongoing compliance as new data is created by placing Classify360 at the top of your data workflows.
Comprehensive Data Compliance Solution at Scale
Rapidly classify any amount of data, from gigabytes to petabytes – even exabytes. As quickly as your organization produces data, Classify360 can classify and take action on it to ensure you are never outside the parameters of EU BMR compliance.
Take Action, Stay Compliant
Authorized data stewards take informed action within Classify360’s CDMHub to migrate, archive, preserve, or delete data per EU BMR standards.
Are You Ready to Benchmark Regulation Compliance?
Frequently Asked Questions
Benchmarks are used to measure the performance of an investment fund for the purpose of tracking returns.
Currently, the FCA supervises eight “specified benchmarks”, while the BMR applies much more widely, including all indices that are used in the EU as the basis for financial instruments or certain financial contracts, or that are referenced by an investment fund.
