Benchmark regulation

As of December 18th 2020 Fish Pool is an administrator within the Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts (called BMR).  Rulebook app 2 “Calculation of Fish Pool Index and Monthly Settlement Price” is thus updated.

For more information, please follow this link for Key elements in our BMR methodology and this link for our complete BMR Methodology.
The Benchmark Statement with information regarding the salmon market, possible limitations of the Benchmarks and possible circumstances in which the prices may become unreliable and the Fish Pool measures in such cases is found here. The policy for changing or stopping an index is found here.

Fish Pool has engaged Kontali Analyse as external auditor of the Fish Pool Index, FPI, and the Monthly Settlement Price, MSP.  Kontali Analyse evaluates the methodology used and whether the indices are a good reflection of the spot prices for salmon.  They also evaluate procedures for change, complaints, communication with price suppliers and possible conflicts of interest.  The annual audit report will be published within the end of March each year.

Complaints handling

Complaints handling is governed in Appendix 2 Calculation of settlement price: Fish Pool Index and Monthly Settlement Price of the Fish Pool Rulebook. FPI and MSP shall be reliable indices with high trust in the salmon market and beyond. Fish Pool has several levels of escalation to handle complaints, the first of which is contacting Fish Pool directly at +47 55 70 67 00 or post@fishpool.eu. All registered Trade Members and companies participating in price reporting used when calculating FPI and MSP can initiate a complaint to the ISB.  Here is a link to contact info.