Benchmark regulation and governance

Regulation and benchmark framework

Nordic Bond Pricing is the Benchmark Administrator for the NBP Index family. Key benchmark documents, disclosures and reference material are collected here.

Regulatory documents and disclosures

Benchmark methodology, statements, input data guidelines, disclosures and procedures for client due diligence.

Regulatory documents
DocumentTypeLast updatedLink
NBP Index MethodologyThe methodology used for the NBP benchmarks.MethodologyUpdated Open PDF: NBP Index Methodology (opens in a new tab)
NBP Benchmark StatementThe benchmarks and their governance framework.Benchmark statementUpdated Open PDF: NBP Benchmark Statement (opens in a new tab)
Input data policyGuidelines for the input data used for the indices.Input dataUpdated Open PDF: Input data policy (opens in a new tab)
BMR compliance statementCompliance statement in accordance with BMR Article 26(3).ComplianceUpdated (reviewed)Open PDF: BMR compliance statement (opens in a new tab)
Conflicts of interest policyPotential conflicts of interest and how they are managed.ConflictsUpdated Open PDF: Conflicts of interest policy (opens in a new tab)
Complaints handling policyHow to submit a complaint and how complaints are handled.ComplaintsUpdated Open PDF: Complaints handling policy (opens in a new tab)
ESMA register of benchmark administratorsNordic Bond Pricing’s entry on the ESMA register.External registerLive registerOpen register: ESMA register of benchmark administrators (opens in a new tab)

Benchmark Regulation (BMR)

The EU Benchmark Regulation (2016/1011) requires that benchmarks used in the EU are managed by a Benchmark Administrator. Our indices measure total return performance for bonds registered in Euronext Securities Oslo or Euroclear Sweden across maturity bands, interest rate types and industry segments.

Benchmark governance

  • Approved as Benchmark Administrator by the Norwegian Financial Supervisory Authority on 23 April 2021.
  • Administrator of the NBP Index family for bonds registered in the Norwegian and Swedish CSDs.
  • Listed on the ESMA register of benchmark administrators.

Benchmark coverage

  • NBP Index family
  • Bonds registered in the Norwegian CSD
  • Bonds registered in the Swedish CSD
  • Multiple maturity bands, rate types and sectors

Benchmark oversight in practice

Our documentation supports transparent index administration, from methodology and input data guidelines to complaints procedures and conflict disclosures.

  1. Methodology and rules

    Documented benchmark methodology describes index construction, eligibility rules, rebalancing and calculation logic.

  2. Control environment

    Benchmark statements, input data guidance and complaints procedures support client oversight and regulatory review.

  3. Disclosure and access

    Conflict disclosures and BMR compliance material are available alongside direct links to the relevant documents.

Questions about benchmark documentation?

Contact us about benchmark documentation, index methodology, regulatory disclosures or client access.