Registered BMR Administrator
Nasdaq Copenhagen is a registered BMR Benchmark Administrator under the European Benchmark Regulation since July 4, 2019. Benchmark Administrator is regulated by the Danish Financial Supervisory Authority. The registration allows benchmark users to continue referencing the broad range of financial indices from Nasdaq which are in scope of BMR.
Nasdaq is fully supportive of the objectives of the BMR in promoting the integrity and transparency of benchmark indices and bringing greater consistency to financial benchmarks. Nasdaq is firmly committed to ensuring the highest standards of index governance.
Market Notification and Consultation
BMR subscribers will be notified in the event of a benchmark restatement, rectification, consultation or other material change to a benchmark methodology.
Click "Subscribe", then "Sign up" and you'll be redirected to the sign-up window where you add your email and password. Confirm your email address via the welcome email you receive, and make sure to tick the box "Market Data - Product Information" from the different market message types. Notification and consultation messages will be received by your registered email account.
View Notifications - Filter for "Market Data - Product Information"
Endorsement
As a third-country administrator, Nasdaq, Inc. in the US is fully committed to seeking endorsement from the Danish Financial Supervisory Authority as required for those Nasdaq, Inc. proprietary indexes (including, but not limited to the OMXS30, OMXC25, OMXH25, OMX Stockholm Benchmark) for which Nasdaq maintains full oversight and that Nasdaq has identified as be within scope of BMR and have products tracking such Indexes within the European Union.
Nasdaq, Inc. will seek endorsement as expeditiously as possible, but no later than the deadline detailed in BMR Article 51. In accordance with Regulation (EU) 2021/168 of 10 February 2021, the deadline has been extended to December 31, 2023.
Complaints Policy and Procedure
Nasdaq strives to provide services of the highest standard to its customers and to conduct its business with integrity. In case of a complaint, please submit it via email to bmrbenchmarkcomplaints@nasdaq.com.
For more information, refer to the Complaints Policy.
Changes to a Benchmark Methodology
This procedure documents the process for proposing and implementing a (material) change to a benchmark methodology. It applies to all Nasdaq Copenhagen BMR benchmarks.
For more information, refer to the BMR Administrator Internal Procedures.
Oversight Committee
Nasdaq has established an oversight function ("The BMR Oversight Committee"). The role of the BMR Oversight Committee is to ensure oversight of all aspects of the provision of benchmarks.
Composition of the Oversight Committee
The Board of Directors of Nasdaq Copenhagen has approved the following individuals as members of the BMR.
Voting Members
- Arminta Saladziene, VP, Post-Trade Management and European Trading Services (Chairman)
- Emily Spurling, SVP, Global Head of Index
- Andreas Gustafsson, SVP, General Counsel Europe
- John Yetter, VP, Co-Chief Compliance Officer
- Henrik Husman, VP, President Nasdaq Helsinki & Head of Equity Development
Non-Voting Members
- Pat Dunn, VP, Head of Global Index Governance
- Vibeke Bonde Nielsen, Principal Program Manager, Head of BMR Operations
- Minela Hadziomerovic Johansson, Risk Officer
- Maja Krarup Kawalska, BMR Compliance Officer
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