Benchmarks

20Extension of transitional period for benchmarks with non-UK administrators

(1)

Article 51(5) of the Benchmarks Regulation (transitional provision for benchmarks with administrators located in a country outside the UK) is amended as follows.

(2)

In point (a), for “31 December 2022” substitute “ 31 December 2025 ”.

(3)

In point (b)—

(a)

for “1 January 2023” substitute “ 1 January 2026 ”, and

(b)

for “31 December 2022” substitute “ 31 December 2025 ”.