If an administrator, located in a third country, wishes to be recognised in the EU for its benchmarks to be used in the EU, then it has to apply for recognition with ESMA. Article 32 of the Benchmarks Regulation requires the applicant administrator to provide all information necessary to satisfy ESMA that it has established, at the time of recognition, all the necessary arrangements to meet the requirements set out in the Benchmarks Regulation and further specified in Commission Delegated Regulation (EU) 2018/1645. The form and content of an application for recognition are detailed in Commission Delegated Regulation (EU) 2018/1645.