(1) In subsection (1) of section 417 of the Act (definitions), after the definition of the "ESMA", insert -

""the EU Benchmarks Regulation 2016" means Regulation EU 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014; ".

(2) In the definition of "regulated benchmark" in subsection (7) of section 425A [Section 425A was inserted by paragraph 32 of Schedule 2(1) to the Financial Services Act 2010 and amended by S.I. 2013/655 and S.I. 2013/3115.] (consumers: regulated activities etc carried on by authorised persons) of the Act -

(a) after "section 22(6) " insert "or (6A) ",

(b) after "section 22(1A)(b) " insert "or (c) ",

(c) omit "(6) or", and

(d) omit "(b) or".