TITLE IIIREQUIREMENTS FOR DIFFERENT TYPES OF BENCHMARKS

CHAPTER 4Critical benchmarks

Article 23B F1Prohibition 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.