SCHEDULES

SCHEDULE 5Benchmarks: minor and consequential amendments

2

1

Article 3(1) (definitions) is amended as follows.

2

In point (6) (administrator)—

a

after “means” insert—

a

b

at the end insert

, or

b

in the case of an Article 23A benchmark, a natural or legal person that would have control over the provision of the benchmark but for Article 23D;

3

After point (25) insert—

25A

‘Article 23A benchmark’ has the meaning given in Article 23A(14);

4

After point (36) insert—

37

‘working day’ means a day other than—

a

Saturday or Sunday,

b

Christmas Day or Good Friday, or

c

a day which is a bank holiday under the Banking and Financial Dealings Act 1971 in England and Wales.