PART II SPECIFIED ACTIVITIES
F1Chapter 15ESpecified Benchmarks
The activities
Specified benchmarks63O
1
The following are specified kinds of activity—
a
providing information in relation to a specified benchmark;
b
administering a specified benchmark.
2
In this Chapter—
a
“providing information” in relation to a specified benchmark means providing any information or expression of opinion that is—
i
provided to, or for the purpose of passing to, a person who has permission to carry on the activity specified in paragraph (1)(b) in relation to that specified benchmark;
ii
required in connection with the determination of the specified benchmark; and
iii
provided for the purpose of determining the specified benchmark;
b
“administering” a specified benchmark means—
i
administering the arrangements for determining a specified benchmark;
ii
collecting, analysing or processing information or expressions of opinion provided for the purpose of determining a specified benchmark;
iii
determining a specified benchmark through the application of a formula or other method of calculation to the information or expressions of opinion provided for that purpose.
Pt. 2 Ch. 15E inserted (2.4.2013) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2013 (S.I. 2013/655), arts. 1, 5