(1) In Article 3(1) of the Benchmarks Regulation (definitions) -
(a) after point (10) insert -
"(10A) 'supervised third country contributor' means a supervised third country entity that contributes input data to an administrator located in the United Kingdom;", and
(b) after point (17) insert -
"(17A) 'supervised third country entity' means an entity that would be a supervised entity by virtue of point (a) of the definition of that term (CRR firm that is a credit institution) but for the fact that it does not have its head office or registered office in the United Kingdom;".
(2) After Article 22 of the Benchmarks Regulation insert -
Assessment of representativeness of critical benchmarks: administrator
1. This Article applies to a critical benchmark that -
(a) is based on submissions by contributors the majority of which are supervised entities or supervised third country entities, and
(b) is not an Article 23A benchmark.
2. An administrator of a critical benchmark must su
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