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The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018

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Amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001U.K.

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51.  After article 63R of the RAO (specified benchmarks) insert—

Administering a benchmark

63S.(1) Administering a benchmark is a specified kind of activity.

(2) In paragraph (1) “administering a benchmark” means acting as an administrator of a benchmark within the meaning of Article 3 of Regulation EU 2016/1011 M1 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 M2 and 2014/17/EU M3 and Regulation (EU) No 596/2014 M4.

Administration of a benchmark by the FCA

63T.  The FCA does not carry on the activity of the kind specified by article 63S(1) in relation to a benchmark where the FCA administers the benchmark itself..

Marginal Citations

M1OJ No. L171, 29.06.2016, p.1.

M2OJ No. L133, 22.05.2008, p.66.

M3OJ No. L60, 28.02.2014, p.34.

M4OJ No. L173, 12.06.2014, p.1.

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