1. A person with proprietary rights to a benchmark shall, upon request, make available to central counterparties (CCPs) and trading venues the information necessary for performing their clearing or trading functions, as appropriate to the specific type of benchmark to which access is sought and to the relevant financial instrument to be traded or cleared.

2. A CCP or trading venue shall in its request explain why such information is required for clearing or trading purposes.

3. For the purposes of paragraph 1, relevant trading and clearing functions shall at least include the following:

(a) for a trading venue:

(i) the initial assessment of the characteristics of the benchmark;

(ii) the marketing of the relevant product;

(iii) the support of the price formation process for the contracts admitted or being admitted to trading;

(iv) the on-going market surveillance activities;

(b) for a CCP:

(i) appropriate risk management of relevant open positions in exchange-traded derivatives, including netting;