Amendments to the Financial Services 2012 (Misleading Statements and Impressions) Order 2013 U.K.

9.  For article 3 of the Financial Services 2012 (Misleading Statements and Impressions) Order 2013(1) substitute—

Relevant benchmarks

3.   The benchmarks known by the following names are specified for the purposes of section 93(4) of the Act—

(a) The London Interbank Offered Rate, also known as LIBOR;

(b) ISDAFIX(2);

(c) Sterling Overnight Index Average, also known as SONIA;

(d) Repurchase Overnight Average, also known as RONIA;

(e) WM/Reuters London 4 p.m. Closing Spot Rate;

(f) London Gold Fixing(3);

(g) LBMA Silver Price;

(h) ICE Brent Index.”.

Commencement Information

I1 Art. 9 in force at 1.4.2015, see art. 1

(1)

S.I. 2013/637.

(2)

It is proposed that ISDAFIX will be known as ICE Swap Rate from some time in 2015.

(3)

It is proposed that the London Gold Fixing benchmark will be known as LBMA Gold Price from some time in 2015.