(1) Paragraph (2) applies to a person ("B") who, immediately before 2nd April 2013 was carrying on any of the following activities in relation to a benchmark that, on 2nd April 2013 is a specified benchmark -
(a) administering the arrangements for determining the benchmark;
(b) collecting, analysing or processing information or expressions of opinion provided by third parties for the purpose of determining the benchmark;
(c) determining the benchmark through the application of a formula or other method of calculation to the information or expressions of opinion provided for that purpose.
(2) B is to be treated as having a Part 4A permission to carry on the activity of administering a specified benchmark.
(3) The Part 4A permission which B is to be treated as having is referred to in this Order as an "interim permission".
(4) B's interim permission lapses on the earliest of -
(a) the date specified in a notice of cancellation of permission given under this article by the FCA;
(b) the ca
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