Nikkei faces hurdles in EU benchmark registration

Brexit confusion forces Japan index provider to look beyond UK

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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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