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7.2.4 Mandatory administration of a critical benchmark

Closed
8 June 2020

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 mandatory administration of a critical benchmark

(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 21(5) thereof,

Whereas:

(1) In view of the general nature of the assessment referred to in Article 21(2)(b) of Regulation (EU) 2016/1011 and the need to ensure a consistent application by competent authorities of such provision, it is appropriate to specify on which

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