The IRF was established to perform activities of a benchmark administrator, falling within the scope of the Regulation (Eu) 2016/1011 Of The European Parliament And Of The Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014.