COMMISSION DELEGATED REGULATION (EU) No …/..
of XXX
supplementing Regulation (EU) 2016/1011 of the European Parliament and of the
Council with regard to regulatory technical standards for the methodology
(Text with EEA relevance)
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 [OJ L 171, 29.6.2016, p. 1], and in particular Article 12(4) thereof,
Whereas:
(1) Article 12(1) of Regulation (EU) 2016/1011 requires administrators of benchmarks to use a methodology that is robust and reliable, has clear rules identifying how and when discretion may be exercised in the determination of that benchmark, is rigorous, continuous and capable
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