Bovill commends MerQube on FCA approval as a benchmark administrator

NEWS RELEASE: MerQube UK Limited, a technology-driven index developer and provider, has been approved by the FCA to administer benchmarks for its clients in the UK. Financial regulation consultancy Bovill congratulates MerQube UK on this achievement, which is an important milestone for its UK operations and underlines the credibility of its benchmark services.

Bovill partnered with MerQube UK early in their journey in seeking regulated status , supporting the company through the registration process and providing guidance on the FCA’s assessment of their application.

Damon Batten, Capital Markets Practice Lead at Bovill, said:

“We are delighted to have worked closely with MerQube UK on this benchmark administrator application, and it is great news that the FCA has approved it. Registration under the benchmark regulations is a complex process, and regulatory scrutiny of applications has increased markedly in recent years, so it is a credit to the quality of MerQube’s team that they have been approved.”

Keith Loggie, COO at MerQube Inc, commented:

“Achieving Benchmark Regulation registration is a reflection of our high standards and commitment to best practices and the team at Bovill provided invaluable support in navigating the process. We are very proud that our state-of-the-art technology, system infrastructure and governance controls meet this global standard of excellence in the provision of index services.”