Commission Delegated Regulation (EU) 2018/64 of 29 September 2017 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council with regard to specifying how the criteria of Article 20(1)(c)(iii) are to be applied for assessing whether certain events would result in significant and adverse impacts on market integrity, financial stability, consumers, the real economy or the financing of households and businesses in one or more Member States (Text with EEA relevance)

Article 6U.K.Significant and adverse impact on the financing of households and businesses

[F1The FCA] shall assess whether there is a significant and adverse impact on the financing of households and businesses in [F2the United Kingdom] in accordance with the following criteria:

(a)

the value of loans to households and non-financial corporates referencing the benchmark in the [F3United Kingdom], both in absolute terms and relative to the total value of loans to households or non-financial corporates in [F4the United Kingdom];

(b)

an estimate of the number of households that have subscribed loans referencing the benchmark in the [F3United Kingdom], both in absolute terms and relative to the total number of households in [F4the United Kingdom];

(c)

an estimate of the number of non-financial corporates that have subscribed loans referencing the benchmark in the [F3United Kingdom], both in absolute terms and relative to the total number of non-financial corporates in [F4the United Kingdom];

(d)

the degree of indebtedness of households and companies in the [F3United Kingdom].

Textual Amendments

F1Words in Art. 6 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 47(7)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F2Words in Art. 6 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 47(7)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F3Words in Art. 6 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 47(7)(c) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F4Words in Art. 6 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 47(7)(d) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

Commission Delegated Regulation (EU) 2018/64Dangos y teitl llawn

Article 6U.K.Significant and adverse impact on the financing of households and businesses