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

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  • Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
  • reg. 42(2) words substituted by S.I. 2019/1212 reg. 20(2)(a) (This amendment not applied to legislation.gov.uk. Reg. 20(2) omitted (30.6.2020) by virtue of S.I. 2020/628, regs. 1(4), 16)
  • reg. 42(6) words substituted by S.I. 2019/1212 reg. 20(2)(b)(i) (This amendment not applied to legislation.gov.uk. Reg. 20(2) omitted (30.6.2020) by virtue of S.I. 2020/628, regs. 1(4), 16)
  • reg. 42(6) words substituted by S.I. 2019/1212 reg. 20(2)(b)(ii)(aa) (This amendment not applied to legislation.gov.uk. Reg. 20(2) omitted (30.6.2020) by virtue of S.I. 2020/628, regs. 1(4), 16)
  • reg. 42(6) words substituted by S.I. 2019/1212 reg. 20(2)(b)(ii)(bb) (This amendment not applied to legislation.gov.uk. Reg. 20(2) omitted (30.6.2020) by virtue of S.I. 2020/628, regs. 1(4), 16)
  • reg. 42(6) words substituted by S.I. 2019/1212 reg. 20(2)(b)(iii) (This amendment not applied to legislation.gov.uk. Reg. 20(2) omitted (30.6.2020) by virtue of S.I. 2020/628, regs. 1(4), 16)
  • reg. 42(8) words omitted by S.I. 2019/1212 reg. 20(2)(c) (This amendment not applied to legislation.gov.uk. Reg. 20(2) omitted (30.6.2020) by virtue of S.I. 2020/628, regs. 1(4), 16)

  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. 14A.UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks

      15. 15.Critical benchmarks: review of critical benchmarks

      16. 16.Critical benchmarks: amendments to Article 20

      17. 17.Mandatory administration of a critical benchmark

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

      19. 19.Mandatory contribution to a critical benchmark

      20. 20.Significant benchmarks

      21. 21.Exemptions from specific requirements for significant benchmarks

      22. 22.Non-significant benchmarks

      23. 23.Benchmark statement

      24. 24.Changes to and cessation of a benchmark

      25. 25.Title V

      26. 26.Use of a benchmark

      27. 27.Equivalence

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

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

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

      31. 31.Authorisation and registration of an administrator

      32. 32.Withdrawal or suspension of authorisation or registration

      33. 33.Register of administrators and benchmarks

      34. 34.Competent authorities and cooperation

      35. 35.Publication of decisions

      36. 36.Colleges

      37. 37.Cooperation with ESMA

      38. 38.Professional secrecy

      39. 39.Title VII

      40. 40.Exercise of the delegation

      41. 41.Committee procedure

      42. 42.Transitional provisions

      43. 43.Reviews

      44. 44.Directives

      45. 45.Final provisions

      46. 45A.Annex III

    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

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