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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)RecitalsArticle 1 Assessment by the FCAArticle 2 Significant and adverse impact on market integrityArticle 3 Significant and adverse impact on financial stabilityArticle 4 Significant and adverse impact on consumersArticle 5 Significant and adverse impact on the real economyArticle 6 Significant and adverse impact on the financing of households and businessesArticle 7 Entry into forceDone at
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Version status: In force | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 31 December 2020 - onwards
Version 2 of 2

Article 6 Significant and adverse impact on the financing of households and businesses

The FCA shall assess whether there is a significant and adverse impact on the financing of households and businesses in the United Kingdom in accordance with the following criteria:

(a) the value of loans to households and non-financial corporates referencing the benchmark in the United Kingdom, both in absolute terms and relative to the total value of loans to households or non-financial corporates in the United Kingdom;

(b) an estimate of the number of households that have subscribed loans referencing the benchmark in the United Kingdom, both in absolute terms and relative to the total number of households in the United Kingdom;

(c) an estimate of the number of non-financial corporates that have subscribed loans referencing the benchmark in the United Kingdom, both in absolute terms and relative to the total number of non-financial corporates in the United Kingdom;

(d) the degree of indebtedness of households and companies in the United Kingdom.

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