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The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018
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- UK Statutory Instruments
- 2018 No. 135
- PART 6
- Regulation 51
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Amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001U.K.
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51. After article 63R of the RAO (specified benchmarks) insert—
“Administering a benchmark
63S.—(1) Administering a benchmark is a specified kind of activity.
(2) In paragraph (1) “administering a benchmark” means acting as an administrator of a benchmark within the meaning of Article 3 of Regulation EU 2016/1011 M1 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 M2 and 2014/17/EU M3 and Regulation (EU) No 596/2014 M4.
Administration of a benchmark by the FCA
63T. The FCA does not carry on the activity of the kind specified by article 63S(1) in relation to a benchmark where the FCA administers the benchmark itself.”.
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