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Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 [SI 2019 No. 657]Introductory TextPart 1 General (reg. 1)Regulation 1 Citation and commencementPart 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) 2016/1011Regulation 3 Subject-matterRegulation 4 ScopeRegulation 5 DefinitionsRegulation 6 Governance and conflict of interest requirementsRegulation 7 Oversight function requirementsRegulation 8 Accountability framework requirementsRegulation 9 OutsourcingRegulation 10 Input dataRegulation 11 Transparency of methodologyRegulation 12 Reporting of infringementsRegulation 13 Code of conductRegulation 14 Governance and control requirements for supervised contributorsRegulation 14A UK Climate Transition Benchmarks and UK Paris-aligned BenchmarksRegulation 15 Critical benchmarks: review of critical benchmarksRegulation 16 Critical benchmarks: amendments to Article 20Regulation 17 Mandatory administration of a critical benchmarkRegulation 18 Mitigation of market power of critical benchmark administratorsRegulation 19 Mandatory contribution to a critical benchmarkRegulation 20 Significant benchmarksRegulation 21 Exemptions from specific requirements for significant benchmarksRegulation 22 Non-significant benchmarksRegulation 23 Benchmark statementRegulation 24 Changes to and cessation of a benchmarkRegulation 25 Title VRegulation 26 Use of a benchmarkRegulation 27 EquivalenceRegulation 28 Withdrawal of registration of an administrator located in a third countryRegulation 29 Recognition of an administrator located in a third countryRegulation 30 Endorsement of benchmarks provided in a third countryRegulation 31 Authorisation and registration of an administratorRegulation 32 Withdrawal or suspension of authorisation or registrationRegulation 33 Register of administrators and benchmarksRegulation 34 Competent authorities and cooperationRegulation 35 Publication of decisionsRegulation 36 CollegesRegulation 37 Cooperation with ESMARegulation 38 Professional secrecyRegulation 39 Title VIIRegulation 40 Exercise of the delegationRegulation 41 Committee procedureRegulation 42 Transitional provisionsRegulation 43 ReviewsRegulation 44 DirectivesRegulation 45 Final provisionsRegulation 45A Annex IIIChapter 2 Amendment of other EU Regulations (regs. 46-50)Regulation 46 Amendment of Commission Implementing Regulation (EU) 2016/1368Regulation 47 Amendment of Commission Delegated Regulation (EU) 2018/64Regulation 48 Amendment of Commission Delegated Regulation (EU) 2018/65Regulation 49 Amendment of Commission Delegated Regulation (EU) 2018/66Regulation 50 Amendment of Commission Delegated Regulation (EU) 2018/67Part 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 registerRegulation 52 Information to be recorded on the FCA registerRegulation 53 Application of the UK Benchmarks RegulationChapter 2 Temporary registration (regs. 54-64)Regulation 54 The temporary registration periodRegulation 55 Conditions to be satisfied for information to be temporarily recorded on the FCA registerRegulation 56 Information to be recorded on the FCA registerRegulation 57 Information to be added to the FCA registerRegulation 58 Removal of temporary information from the FCA registerRegulation 59 Removal of temporary information and the FCA's objectivesRegulation 60 Reinstatement of information on the FCA registerRegulation 61 Use of a benchmark that is temporarily recorded on the FCA registerRegulation 62 Use of a benchmark that is removed from the FCA registerRegulation 63 Application of the UK Benchmarks RegulationRegulation 64 New applications made under the UK Benchmarks RegulationChapter 3 Interpretation (reg. 65)Regulation 65 Interpretation of this PartSignatureExplanatory NoteExplanatory MemorandumImpact Assessment
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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 40 Exercise of the delegation

For Article 49 (exercise of the delegation) substitute -

"Article 49 Regulations made by the Treasury

1. Any power to make regulations conferred on the Treasury by this Regulation is exercisable by statutory instrument.

2. Such regulations may:

(a) contain incidental, supplemental, consequential and transitional provision; and

(b) make different provision for different purposes.

3. A statutory instrument containing regulations made under this Regulation is subject to annulment in pursuance of a resolution of either House of Parliament.".

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