[F1The FCA] shall assess whether there is a significant and adverse impact on the financing of households and businesses in [F2the United Kingdom] in accordance with the following criteria:
the value of loans to households and non-financial corporates referencing the benchmark in the [F3United Kingdom], both in absolute terms and relative to the total value of loans to households or non-financial corporates in [F4the United Kingdom];
an estimate of the number of households that have subscribed loans referencing the benchmark in the [F3United Kingdom], both in absolute terms and relative to the total number of households in [F4the United Kingdom];
an estimate of the number of non-financial corporates that have subscribed loans referencing the benchmark in the [F3United Kingdom], both in absolute terms and relative to the total number of non-financial corporates in [F4the United Kingdom];
the degree of indebtedness of households and companies in the [F3United Kingdom].
Textual Amendments
F1Words in Art. 6 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 47(7)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F2Words in Art. 6 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 47(7)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F3Words in Art. 6 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 47(7)(c) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F4Words in Art. 6 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 47(7)(d) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)