Guidelines On Internal Controls for Benchmark Administrators, Credit Rating Agencies and Market Transparency Infrastructures

ESMA guidelines of May 2026 (ESMA80-634726060-3082) on the internal control framework and internal control functions (such as compliance, risk management and internal audit) expected of entities ESMA supervises directly, including benchmark administrators, credit rating agencies, data reporting services providers other than consolidated tape providers, and securitisation repositories.