(1) Administering a benchmark is a specified kind of activity.
(2) In paragraph (1) "administering a benchmark" means acting as an administrator of a benchmark within the meaning of Article 3 of Regulation EU 2016/1011 [OJ No. L171, 29.06.2016, p.1.] 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 [OJ No. L133, 22.05.2008, p.66.] and 2014/17/EU [OJ No. L60, 28.02.2014, p.34.] and Regulation (EU) No 596/2014 [OJ No. L173, 12.06.2014, p.1.].