(1) The following are specified kinds of activity -
(a) providing information in relation to a specified benchmark;
(b) administering a specified benchmark.
(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; (iii) determining a specified benchmark through the applica