1. This Article makes provision about critical benchmarks provided for different currencies, maturities or tenors ("umbrella benchmarks").
2. References in this Article to a "version" of an umbrella benchmark are to the benchmark as provided for a particular currency, maturity or tenor or, where the benchmark is provided for a combination of two or more of those factors, the benchmark as provided for each combination.
3. Articles 11(4), (4A) and (4B), 21, 21A, 22A, 22B, 23, 23A to 23E and 23FA to 23FC and Annex 4 apply in relation to an umbrella benchmark as if each version of the umbrella benchmark were -
(a) a separate critical benchmark, and
(b) intended to measure the market or economic reality defined in the benchmark statement for the umbrella benchmark (whether defined there separately for different versions of the benchmark or for the umbrella benchmark taken as a whole),
subject to the modifications in paragraph 4.
4. The modifications are as follows -
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