(This note is not part of the Regulations)
These Regulations amend the Benchmarks (Provision of Information and Documents) Regulations 2021 (S.I 2021/812)(“the 2021 Regulations”), which make provision in respect of a notice or permission given by the Financial Conduct Authority to a benchmark administrator under Articles 22A, 22B, 23A and 23D of Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds. These Regulations are being issued free of charge as they rectify errors in the 2021 Regulations.
These Regulations amend the 2021 Regulations so that:
the transitional provision in the 2021 Regulations is omitted;
an administrator of a critical benchmark listed in Commission Implementing Regulation (EU) 2016/1368 of 11 August 2016 establishing a list of critical benchmarks used in financial markets pursuant to Regulation (EU) 2016/1011 of the European Parliament and of the Council must provide an address in accordance with regulation 5(1) of the 2021 Regulations before 14th August 2021.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.