MSCI, a provider of research-based indexes and analytics, has been granted authorisation by the UK’s Financial Conduct Authority (FCA) as a regulated UK benchmark administrator, under the EU benchmark regulation.
Successful authorisation from the FCA comes following MSCI’s application submission in October 2017, making it the first large global index provider to gain this status. MSCI Limited is the benchmark administrator for all MSCI equity indexes.
Baer Pettit, president of MSCI, says: “We welcome the positive news of the FCA’s decision and feel it reflects our continued commitment to high standards in benchmark administration, which pre-dates the EU benchmark regulation. This is evidenced through our adoption of the IOSCO Principles for Financial Benchmarks and our long history as a respected benchmark provider. We fully support the objectives of the benchmark regulation and will continue to be an active contributor to its development. Today’s announcement underlines MSCI’s commitment towards providing our clients with certainty and stability.”
