Regulation 63 Application of the UK Benchmarks Regulation

The UK Benchmarks Regulation does not apply in respect of an administrator or benchmark recorded on the FCA register under this Chapter (but see paragraph 2 and regulation 64).

Article 28(2) of the UK Benchmarks Regulation applies to a supervised entity using a benchmark by virtue of regulation 61.

For the purposes of paragraph (2), Article 28(2) shall be read as if for “other than an administrator as referred to in paragraph 1” there were substituted “that are not administrators”.