After article 63N [Inserted by S.I. 2009/1389.] insert -

"Chapter 15E Specified Benchmarks

The activities

63O. Specified benchmarks

(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;