Transfer of administration from Morningstar Indexes Ltd to OPIS Benchmark Administration B.V.

Transfer of administration from Morningstar Indexes Ltd to OPIS Benchmark Administration B.V.

Following the recent granting of OPIS Benchmark Administration B.V.’s authorisation under the EU BMR by the Netherlands Authority for the Financial Markets (AFM), Morningstar Indexes Ltd (formerly Moorgate Benchmarks Ltd) and OPIS, respectively the current administrator and owner of the McCloskey Richards Bay FOB marker and the McCloskey Northwest Europe Steam Coal marker announce the transfer of the  administration and responsibilities for those markers to OPIS Benchmark Administration B.V., on 22nd May 2023.

From that date, OPIS Benchmark Administration B.V. will administer the McCloskey Richards Bay FOB marker and the McCloskey Northwest Europe Steam Coal marker, which are components of the API2 and the API4, in accordance with the IOSCO PRA Principles.

For further information please contact either info@moorgatebenchmarks.com, or energycs@opisnet.com.

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