1. If an administrator of a critical benchmark intends to cease providing such benchmark, the administrator shall:
(a) immediately notify the FCA; and
(b) within four weeks of such notification submit an assessment of how the benchmark:
(i) is to be transitioned to a new administrator; or
(ii) is to be ceased to be provided, taking into account the procedure established in Article 28(1).
During the period referred to in point (b) of the first subparagraph, the administrator shall not cease provision of the benchmark.
2. Upon receipt of the assessment of the administrator referred to in paragraph 1, the FCA shall:
(a) [deleted]
(b) within four weeks, make its own assessment of how the benchmark is to be transitioned to a new administrator or be ceased to be provided, taking into account the procedure established in accordance with Article 28(1).
During the period of time referred to in point (b) of the first subparagraph of this paragraph, the administrator shall not cease the provision
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