1. UK Financial Services Law
  2. Legislation (UK)
  3. Assimilated law
  4. 2018
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  1. Commission Delegated Regulation (EU) 2018/64 of 29 September 2017 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council with regard to specifying how the criteria of Article 20(1)(c)(iii) are to be applied for assessing whether certain events would result in significant and adverse impacts on market integrity, financial stability, consumers, the real economy or the financing of households and businesses in one or more Member States (Assimilated Law)
  2. Article 2 Significant and adverse impact on market integrity
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Version status: In force | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 31 December 2020
  Version 2 of 2    

Article 2 Significant and adverse impact on market integrity

The FCA shall assess whether there is a significant and adverse impact on market integrity in accordance with the following criteria:

(a) the value of financial instruments that reference the benchmark, either directly or indirectly within a combination of benchmarks, and that are traded on trading venues in the United Kingdom, both in absolute terms and relative to the total value of financial instruments that are traded on trading venues in the United Kingdom;

(b) the value of financial contracts that reference the benchmark, either directly or indirectly within a combination of benchmarks, in the United Kingdom, both in absolute terms and relative to the total value of financial contracts outstanding in the United Kingdom;

(c) the value of investment funds referencing the benchmark for measuring their performance, either directly or indirectly within a combination of benchmarks, in the United Kingdom, both in absolute terms and relative to the total value of investment funds authori

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