Nikkei faces hurdles in EU benchmark registration
Brexit confusion forces Japan index provider to look beyond UK
Japan’s leading equity index provider, Nikkei, is struggling to meet new European Union rules on benchmarks, sources say. Its application to register as a third-country benchmark in the EU has made little progress as European authorities scramble to adjust to the UK’s imminent departure from the union.
The hold-up raises questions for the estimated 59 benchmark administrators across Asia that need to register with the EU before the end-of-year deadline in order to ensure continued use of their
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