http://www.legislation.gov.uk/eur/2016/1011/article/19bRegulation (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 (Text with EEA relevance)Regulation (EU) 2016/1011 of the European Parliament and of the CouncilRegulation (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 (Text with EEA relevance)King's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02016R1011-20191210texttext/xmlen2026-01-29Expert Participation2026-01-19 TITLE III<Strong>REQUIREMENTS FOR DIFFERENT TYPES OF BENCHMARKS</Strong> CHAPTER 3A <Strong><Emphasis> <Addition ChangeId="O001001M006" CommentaryRef="c000001"><Substitution ChangeId="key-0fa3689b91b50d9f8bc26d5e0345bddc-1697816440322" CommentaryRef="key-0fa3689b91b50d9f8bc26d5e0345bddc">UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks </Substitution></Addition></Emphasis></Strong><Addition ChangeId="O001001M006" CommentaryRef="c000001"> Requirements for </Addition><Addition ChangeId="O001001M006" CommentaryRef="c000001"><Substitution ChangeId="key-5e0d227c51a4d554d5581354781dcb9e-1697819226136" CommentaryRef="key-5e0d227c51a4d554d5581354781dcb9e">UK Climate Transition Benchmarks</Substitution></Addition> Article 19bAdministrators of UK Climate Transition Benchmarks shall select, weight, or exclude underlying assets issued by companies that follow a decarbonisation trajectory by 31 December 2022, in accordance with the following requirements:the companies disclose measurable carbon emission reduction targets to be achieved within specific timeframes;the companies disclose a reduction in carbon emissions which is disaggregated down to the level of relevant operating subsidiaries;the companies disclose annual information on progress made towards those targets;the activities relating to the underlying assets do not significantly harm other ESG objectives.Inserted by Regulation (EU) 2019/2089 of the European Parliament and of the Council of 27 November 2019 amending Regulation (EU) 2016/1011 as regards EU Climate Transition Benchmarks, EU Paris-aligned Benchmarks and sustainability-related disclosures for benchmarks (Text with EEA relevance).Ch. 3a heading substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 14A(2) (with regs. 51-53, 65) (as amended by S.I. 2019/1212, regs. 1(3), 20(3)(4); S.I. 2020/628, regs 1(3), 12(4); and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 19b heading substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 14A(4)(a) (with regs. 51-53, 65) (as amended by S.I. 2019/1212, regs. 1(3), 20(3)(4); S.I. 2020/628, regs 1(3), 12(4); and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)Word in Art. 19b(1) substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 14A(4)(b) (with regs. 51-53, 65) (as amended by S.I. 2019/1212, regs. 1(3), 20(3)(4); S.I. 2020/628, regs 1(3), 12(4); and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)