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The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018

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Changes over time for: Section 5

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Version Superseded: 14/10/2019

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Point in time view as at 27/02/2018. This version of this provision has been superseded. Help about Status

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There are currently no known outstanding effects for the The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018, Section 5. Help about Changes to Legislation

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5.—(1) The FCA has the powers conferred on it by this Part of the Regulations in respect of Miscellaneous BM persons.

(2) A “Miscellaneous BM person” is a person who is not an authorised person and is—

(a)involved in the provision of, or contribution of input data to, a benchmark;

(b)a service provider to whom functions or any relevant services and activities in the provision of a benchmark have been outsourced;

(c)a person who is not the service provider but who is or has been party to a contract in relation to the outsourcing of functions or any relevant services and activities in the provision of a benchmark;

(d)a legal representative of a benchmark administrator located in a third country which has obtained or has applied for prior recognition as referred to in Article 32(1) and as provided for in Article 32(3) of the EU Benchmarks Regulation 2016;

(e)a person who administers a benchmark relying on Article 51(4) of the EU Benchmarks Regulation 2016; or

(f)a supervised entity.

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