- Latest available (Revised)
- Point in Time (11/07/2023)
- Original (As adopted by EU)
Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 (Text with EEA relevance)
When the UK left the EU, legislation.gov.uk published EU legislation that had been published by the EU up to IP completion day (31 December 2020 11.00 p.m.). On legislation.gov.uk, these items of legislation are kept up-to-date with any amendments made by the UK since then.
Legislation.gov.uk publishes the UK version. EUR-Lex publishes the EU version. The EU Exit Web Archive holds a snapshot of EUR-Lex’s version from IP completion day (31 December 2020 11.00 p.m.).
Regulation (EU) 2016/1011 of the European Parliament and of the Council is up to date with all changes known to be in force on or before 06 July 2024. There are changes that may be brought into force at a future date.
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
TITLE III REQUIREMENTS FOR DIFFERENT TYPES OF BENCHMARKS
CHAPTER 3A UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks
Article A20.Critical benchmarks: review of critical benchmarks
Article 20.Critical benchmarks: conditions and other matters
Article 21A.Prohibition on new use where administrator to cease providing critical benchmark
Article 22.Mitigation of market power of critical benchmark administrators
Article 22A.Assessment of representativeness of critical benchmarks: administrator
Article 22B.Assessment of representativeness of critical benchmarks: FCA
Article 23C.Exception from the prohibition for legacy use of Article 23A benchmark
Article 23FB.References to Article 23A benchmarks: further provision
Article 23FC.Liability of administrator of Article 23A benchmark
Article 23G.Critical benchmarks provided for different currencies etc
TITLE VI AUTHORISATION, REGISTRATION AND SUPERVISION OF ADMINISTRATORS
Contributor systems and controls
5. The following requirements shall apply to contributors to interest rate...
6. Each contributor's submitter and the direct managers of that submitter...
8. A contributor to an interest rate benchmark shall keep detailed...
10. The compliance function of the contributor to an interest rate...
11. Input data and procedures shall be subject to regular internal...
UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks
1 This Regulation applies in relation to an Article 23A benchmark...
2 The modifications referred to in paragraph 1(a) are the following—...
4 If the FCA proposes that this Regulation should apply to...
6 If, after considering any representations made in accordance with paragraph...
12 During the interim period, the benchmark administrator is only required...
14 References in this Annex to varying modifications (however expressed) include...
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As adopted by EU): The original version of the legislation as it stood when it was first adopted in the EU. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different versions taken from EUR-Lex before exit day and during the implementation period as well as any subsequent versions created after the implementation period as a result of changes made by UK legislation.
The dates for the EU versions are taken from the document dates on EUR-Lex and may not always coincide with when the changes came into force for the document.
For any versions created after the implementation period as a result of changes made by UK legislation the date will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. For further information see our guide to revised legislation on Understanding Legislation.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: