PART 5Amendments to the Act
Amendments to section 22 (regulated activities)38
Section 22 M1 of the Act (regulated activities) is amended as follows—
a
at the end of subsection (1A)(a) omit “or”;
b
at the end of subsection (1A)(b) insert “
, or
”
;
c
after subsection (1A)(b) insert—
c
administering a benchmark.
d
in subsection (6), for “Benchmark” substitute—
For the purposes of subsection (1A)(b), “benchmark
e
after subsection (6) insert—
6A
For the purposes of subsection (1A)(c), “benchmark” has the meaning given by Article 3 of the EU Benchmarks Regulation 2016, and “administering” a benchmark means acting as an administrator of that benchmark within the meaning of that Article.