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Regulation 62 Use of a benchmark that is removed from the FCA register

Original text. Later amendments are not shown.

(1)

A supervised entity may continue to use a benchmark in the United Kingdom which is—

(a)

used by virtue of regulation 61 as a reference for a financial instrument, a financial contract or for measuring the performance of an investment fund; and

(b)

either—

(i)

removed from the FCA register; or

(ii)

administered by an administrator who is removed from the FCA register.

(2)

But the benchmark may only be used as a reference for the financial instrument, the financial contract or for measuring the performance of the investment fund referred to in paragraph (1)(a).