Virtune – Notice of Intended Cessation - Regulatory filing regarding Virtune benchmarks
15 April 2025
Last updated
15 April 2025
Last updated
While our benchmark statement establishes a standard six-month notice period for index discontinuation, Article 28(1) of the BMR allows for appropriate transition plans that protect users. In this case, we have obtained explicit written consent from all users of this benchmark to proceed with termination after a one-month notice period. The user has confirmed this abbreviated timeframe provides sufficient opportunity to transition any financial products referencing this benchmark. This approach maintains compliance with the BMR's core principle of user protection while allowing for a mutually agreed expedited timeline.