Article 3 Definitions
DRAFT Point deleted Article 1 Amendments to Regulation (EU) 2016/1011 of the Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and certain reporting requirements (Text with EEA relevance) (COM(2023) 660 final / 2023/0379 (COD)) (updated 14 November 2024 with Cover Note)
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1. For the purposes of this Regulation, the following definitions apply:
(1) "index" means any figure: (a) that is published or made available to the public; (b) that is regularly determined: (i) entirely or partially by the application of a formula or any other method of calculation, or by an assessment; and (ii) on the basis of the value of one or more underlying assets or prices, including estimated prices, actual or estimated interest rates, quotes and committed quotes, or other values or surveys;
(2) "index provider" means a natural or legal person that has control over the provision of an index;