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

(a) with reference to financial instruments and investment funds offered to consumers:

(i) the value of the financial instruments and investment funds referencing the benchmark, either directly or indirectly within a combination of benchmarks, sold to retail consumers in the United Kingdom, both in absolute terms and relative to the total value of financial instruments and investment funds sold to retail investors in the United Kingdom;

(ii) an estimate of the number of consumers who have bought financial instruments and investment funds referencing the benchmark, either directly or indirectly within a combination of benchmarks, in the United Kingdom, both in absolute terms and relative to the total population in the United Kingdom;

(b) with reference to institutions for occupational retirement provision:

(i) the value of the pension schemes referencing the benchmark which are operated by institutions for occupational retirement provision in the United Kingdom, both in absolute terms and relative to the total value of the pension schemes operated by institutions for occupational retirement provision in the United Kingdom;

(ii) an estimate of the number of consumers participating in institutions for occupational retirement provision operating pension schemes referencing the benchmark in the United Kingdom, both in absolute terms and relative to the total population in the United Kingdom;