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UK Financial Services Law
Legislation (UK)
Statutory Instruments
2019
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Table of Contents
Table of Contents
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Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 [SI 2019 No. 657]
Introductory Text
Part 1 General (reg. 1)
Regulation 1 Citation and commencement
Part 2 Amendment of EU Regulations (regs. 2-50)
Chapter 1 Amendment of Regulation (EU) 2016/1011 (regs. 2-45A)
Regulation 2 Amendment of Regulation (EU) 2016/1011
Regulation 3 Subject-matter
Regulation 4 Scope
Regulation 5 Definitions
Regulation 6 Governance and conflict of interest requirements
Regulation 7 Oversight function requirements
Regulation 8 Accountability framework requirements
Regulation 9 Outsourcing
Regulation 10 Input data
Regulation 11 Transparency of methodology
Regulation 12 Reporting of infringements
Regulation 13 Code of conduct
Regulation 14 Governance and control requirements for supervised contributors
Regulation 14A UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks
Regulation 15 Critical benchmarks: review of critical benchmarks
Regulation 16 Critical benchmarks: amendments to Article 20
Regulation 17 Mandatory administration of a critical benchmark
Regulation 18 Mitigation of market power of critical benchmark administrators
Regulation 19 Mandatory contribution to a critical benchmark
Regulation 20 Significant benchmarks
Regulation 21 Exemptions from specific requirements for significant benchmarks
Regulation 22 Non-significant benchmarks
Regulation 23 Benchmark statement
Regulation 24 Changes to and cessation of a benchmark
Regulation 25 Title V
Regulation 26 Use of a benchmark
Regulation 27 Equivalence
Regulation 28 Withdrawal of registration of an administrator located in a third country
Regulation 29 Recognition of an administrator located in a third country
Regulation 30 Endorsement of benchmarks provided in a third country
Regulation 31 Authorisation and registration of an administrator
Regulation 32 Withdrawal or suspension of authorisation or registration
Regulation 33 Register of administrators and benchmarks
Regulation 34 Competent authorities and cooperation
Regulation 35 Publication of decisions
Regulation 36 Colleges
Regulation 37 Cooperation with ESMA
Regulation 38 Professional secrecy
Regulation 39 Title VII
Regulation 40 Exercise of the delegation
Regulation 41 Committee procedure
Regulation 42 Transitional provisions
Regulation 43 Reviews
Regulation 44 Directives
Regulation 45 Final provisions
Regulation 45A Annex III
Chapter 2 Amendment of other EU Regulations (regs. 46-50)
Regulation 46 Amendment of Commission Implementing Regulation (EU) 2016/1368
Regulation 47 Amendment of Commission Delegated Regulation (EU) 2018/64
Regulation 48 Amendment of Commission Delegated Regulation (EU) 2018/65
Regulation 49 Amendment of Commission Delegated Regulation (EU) 2018/66
Regulation 50 Amendment of Commission Delegated Regulation (EU) 2018/67
Part 3 Transitional provision (regs. 51-65)
Chapter 1 Registration (regs. 51-53)
Regulation 51 Conditions to be satisfied for information to be recorded on the FCA register
Regulation 52 Information to be recorded on the FCA register
Regulation 53 Application of the UK Benchmarks Regulation
Chapter 2 Temporary registration (regs. 54-64)
Regulation 54 The temporary registration period
Regulation 55 Conditions to be satisfied for information to be temporarily recorded on the FCA register
Regulation 56 Information to be recorded on the FCA register
Regulation 57 Information to be added to the FCA register
Regulation 58 Removal of temporary information from the FCA register
Regulation 59 Removal of temporary information and the FCA's objectives
Regulation 60 Reinstatement of information on the FCA register
Regulation 61 Use of a benchmark that is temporarily recorded on the FCA register
Regulation 62 Use of a benchmark that is removed from the FCA register
Regulation 63 Application of the UK Benchmarks Regulation
Regulation 64 New applications made under the UK Benchmarks Regulation
Chapter 3 Interpretation (reg. 65)
Regulation 65 Interpretation of this Part
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Explanatory Note
Explanatory Memorandum
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https://service.betterregulation.com/document/379633
Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 [SI 2019 No. 657]
Part 2 Amendment of EU Regulations (regs. 2-50)
Chapter 1 Amendment of Regulation (EU) 2016/1011 (regs. 2-45A)
Regulation 25 Title V
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Version status:
In force
| Document consolidation status:
Updated to reflect all known changes
Version date: 31 December 2020 - onwards
Version 2 of 2
Regulation 25 Title V
In the heading of
Title V
, for "Union" substitute "United Kingdom".
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