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Version status: In force | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 1 July 2021
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Article 23B Prohibition on use of Article 23A benchmark

1. Supervised entities must not use an Article 23A benchmark, except where permitted to do so under paragraph 2 or Article 23C.

2. The FCA may, by publishing a notice before the day on which the designation of the benchmark under Article 23A takes effect, provide that the prohibition in paragraph 1 does not take effect until a date specified in the notice.

3. The date specified in a notice under paragraph 2 must fall before the end of the period of four months beginning with the day on which the designation of the benchmark under Article 23A takes effect.

4. A notice published under this Article must be published in the way appearing to the FCA to be best calculated to bring it to the attention of -

(a) supervised entities, and

(b) the public.

5. The FCA may charge a reasonable fee for providing a person with a copy of a notice published under this Article.

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