# The Critical Benchmarks Regulations 2024, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations specify the following as critical benchmarks for the purposes of Article A20(5) of 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: the WMR Closing Spot Rates (also known as the WMR London 4pm Closing Spot Rate) and ICE Swap Rate®.
A full impact assessment has not been produced for these Regulations as no, or no significant, impact on the private, voluntary or public sector is foreseen. A de minimis impact assessment of the effect of this instrument is available from HM Treasury, 1 Horse Guards Road, London, SW1A 2 HQ and is published alongside this instrument on www.legislation.gov.uk.

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Source: https://www.legislation.gov.uk/uksi/2024/1051/note (the official version)
Page: https://openlegislation.uk/critical-benchmarks-regulations-2024/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.