The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018

This section has no associated Explanatory Memorandum

5.—(1) The FCA has the powers conferred on it by this Part of the Regulations in respect of Miscellaneous BM persons.

(2) A “Miscellaneous BM person” is a person who is not an authorised person and is—

(a)involved in the provision of, or contribution of input data to, a benchmark;

(b)a service provider to whom functions or any relevant services and activities in the provision of a benchmark have been outsourced;

(c)a person who is not the service provider but who is or has been party to a contract in relation to the outsourcing of functions or any relevant services and activities in the provision of a benchmark;

(d)a legal representative of a benchmark administrator located in a third country which has obtained or has applied for prior recognition as referred to in Article 32(1) and as provided for in Article 32(3) of the EU Benchmarks Regulation 2016;

(e)a person who administers a benchmark relying on Article 51(4) of the EU Benchmarks Regulation 2016; or

(f)a supervised entity.