Following the EFAMA's partial response to the European Commission's targeted consultation on the regime applicable to the use of benchmarks administered in a third country, we would like to make additional comments on the ongoing review of the regime.

EFAMA supports, in principle, the idea of reviewing the third-country regime with the aim of reducing the scope of the current EU Benchmark Regulation (BMR), provided that the category of so-called "strategic" benchmarks is not an additional category but replaces the current categories of significant and non-significant benchmarks and that its scope reflects the intent of the Benchmark Regulation.