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Textual Amendments
F1Pt. 2 Ch. 15E inserted (2.4.2013) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2013 (S.I. 2013/655), arts. 1, 5
63O.—(1) The following are specified kinds of activity—
(a)providing information in relation to a specified benchmark;
(b)administering a specified benchmark.
(2) In this Chapter—
(a)“providing information” in relation to a specified benchmark means providing any information or expression of opinion that is—
(i)provided to, or for the purpose of passing to, a person who has permission to carry on the activity specified in paragraph (1)(b) in relation to that specified benchmark;
(ii)required in connection with the determination of the specified benchmark; and
(iii)provided for the purpose of determining the specified benchmark;
(b)“administering” a specified benchmark means—
(i)administering the arrangements for determining a specified benchmark;
(ii)collecting, analysing or processing information or expressions of opinion provided for the purpose of determining a specified benchmark;
(iii)determining a specified benchmark through the application of a formula or other method of calculation to the information or expressions of opinion provided for that purpose.]