CFBF Compliance

The CFBF operates in accordance to world class governance and operational standards designed to meet the International Organisation of Securities Commissions (IOSCO) Principles of Financial Benchmarks (July 2013). 
The CFBF has;

  • Resources to keep abreast of all international developments in the regulation of financial benchmarks
  • Policies and procedures including a Code of Conduct, Whistleblowing, Complaints and Conflicts of Interest management. 
  • Risk management and disaster recovery policies and procedures for the Calculating Agent including appropriate security measures across all aspects of its operations. 
  • A dedicated compliance resource oversees the internal audit process and an external audit of the facility from an IOSCO compliance perspective.

The Future of CFBF Compliance

CFBF recognises the future regulation of the facility due to commence in January 2018. The new European regulation on benchmarks sets out provisions relating to the conduct of administrators, calculating agents and contributors, pricing of benchmark services in accordance with MiFID principles and third country equivalency.

The CFBF is ideally placed to embrace the regulatory framework given its independence, experience and sole purpose focus. 
Crucially, the CFBF is uniquely independent and has no ownership by market participants which have an inherent, or any perceived, conflict of interest. 

CFBF Complaints and Whistleblowing Portals:

CFBF Complaints Web Portal

GRSS Whisteblowing Web Portal 

PRIBOR Benchmark Data to Become Fee Liable

Benchmark Administrator introduces fees from the 1 January 2018.

The Czech Financial Benchmark Facility (CFBF) announced today that it will introduce a tiered subscription service for organisations that require real time access to PRIBOR benchmark data. The new fees will be applicable from the 1 January 2018.

New Benchmark Administrator formed to manage PRIBOR Benchmark

 The newly formed Czech Financial Benchmark Facility (CFBF) is responsible for the governance of the Pribor benchmark from the 24th July 2017.

ESMA releases new Benchmark Regulation Technical Standards

On the 30th March 2017, the European Securities and Markets Authority (ESMA) published its final report containing the draft regulatory and implementing technical standards (RTS/ITS) under the Benchmarks Regulation (BMR). The report contains the detailed rules to implement the new European regulatory framework aimed at ensuring the accuracy and integrity of benchmarks across the European Union

PRIBOR Benchmark Data to Become Fee Liable

Benchmark Administrator introduces fees from the 1 January 2018.

The Czech Financial Benchmark Facility (CFBF) announced today that it will introduce a tiered subscription service for organisations that require real time access to PRIBOR benchmark data. The new fees will be applicable from the 1 January 2018.

New Benchmark Administrator formed to manage PRIBOR Benchmark

 The newly formed Czech Financial Benchmark Facility (CFBF) is responsible for the governance of the Pribor benchmark from the 24th July 2017.

ESMA releases new Benchmark Regulation Technical Standards

On the 30th March 2017, the European Securities and Markets Authority (ESMA) published its final report containing the draft regulatory and implementing technical standards (RTS/ITS) under the Benchmarks Regulation (BMR). The report contains the detailed rules to implement the new European regulatory framework aimed at ensuring the accuracy and integrity of benchmarks across the European Union