Search Legislation

The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019

What Version

 Help about what version
  • Draft legislation

Opening Options

 Help about opening options

Draft Legislation:

This is a draft item of legislation and has not yet been made as a UK Statutory Instrument.

  1. Introductory Text

  2. PART 1 General

    1. 1.Citation and commencement

  3. PART 2 Amendment of EU Regulations

    1. CHAPTER 1 Amendment of Regulation (EU) 2016/1011

      1. 2.Amendment of Regulation (EU) 2016/1011

      2. 3.Subject-matter

      3. 4.Scope

      4. 5.Definitions

      5. 6.Governance and conflict of interest requirements

      6. 7.Oversight function requirements

      7. 8.Accountability framework requirements

      8. 9.Outsourcing

      9. 10.Input data

      10. 11.Transparency of methodology

      11. 12.Reporting of infringements

      12. 13.Code of conduct

      13. 14.Governance and control requirements for supervised contributors

      14. 15.Critical benchmarks: review of critical benchmarks

      15. 16.Critical benchmarks: amendments to Article 20

      16. 17.Mandatory administration of a critical benchmark

      17. 18.Mitigation of market power of critical benchmark administrators

      18. 19.Mandatory contribution to a critical benchmark

      19. 20.Significant benchmarks

      20. 21.Exemptions from specific requirements for significant benchmarks

      21. 22.Non-significant benchmarks

      22. 23.Benchmark statement

      23. 24.Changes to and cessation of a benchmark

      24. 25.Title V

      25. 26.Use of a benchmark

      26. 27.Equivalence

      27. 28.Withdrawal of registration of an administrator located in a third country

      28. 29.Recognition of an administrator located in a third country

      29. 30.Endorsement of benchmarks provided in a third country

      30. 31.Authorisation and registration of an administrator

      31. 32.Withdrawal or suspension of authorisation or registration

      32. 33.Register of administrators and benchmarks

      33. 34.Competent authorities and cooperation

      34. 35.Publication of decisions

      35. 36.Colleges

      36. 37.Cooperation with ESMA

      37. 38.Professional secrecy

      38. 39.Title VII

      39. 40.Exercise of the delegation

      40. 41.Committee procedure

      41. 42.Transitional provisions

      42. 43.Reviews

      43. 44.Directives

      44. 45.Final provisions

    2. CHAPTER 2 Amendment of other EU Regulations

      1. 46.Amendment of Commission Implementing Regulation (EU) 2016/1368

      2. 47.Amendment of Commission Delegated Regulation (EU) 2018/64

      3. 48.Amendment of Commission Delegated Regulation (EU) 2018/65

      4. 49.Amendment of Commission Delegated Regulation (EU) 2018/66

      5. 50.Amendment of Commission Delegated Regulation (EU) 2018/67

  4. PART 3 Transitional provision

    1. CHAPTER 1 Registration

      1. 51.Conditions to be satisfied for information to be recorded on the FCA register

      2. 52.Information to be recorded on the FCA register

      3. 53.Application of the UK Benchmarks Regulation

    2. CHAPTER 2 Temporary registration

      1. 54.The temporary registration period

      2. 55.Conditions to be satisfied for information to be temporarily recorded on the FCA register

      3. 56.Information to be recorded on the FCA register

      4. 57.Information to be added to the FCA register

      5. 58.Removal of temporary information from the FCA register

      6. 59.Removal of temporary information and the FCA’s objectives

      7. 60.Reinstatement of information on the FCA register

      8. 61.Use of a benchmark that is temporarily recorded on the FCA register

      9. 62.Use of a benchmark that is removed from the FCA register

      10. 63.Application of the UK Benchmarks Regulation

      11. 64.New applications made under the UK Benchmarks Regulation

    3. CHAPTER 3 Interpretation

      1. 65.Interpretation of this Part

  5. Signature

  6. Explanatory Note

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Draft Explanatory Memorandum

Draft Explanatory Memorandum sets out a brief statement of the purpose of a Draft Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Draft Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Impact Assessments

Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:

  • Why the government is proposing to intervene;
  • The main options the government is considering, and which one is preferred;
  • How and to what extent new policies may impact on them; and,
  • The estimated costs and benefits of proposed measures.
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as draft version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources