The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

[F1Specified benchmarksU.K.

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.]

Textual Amendments