{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-amendment-order-2013/article-5",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-amendment-order-2013/article-5.json",
  "legislation": "ukdsi/2013/9780111533826",
  "legislation_title": "The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2013",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-amendment-order-2013",
  "path": "article/5",
  "kind": "article",
  "number": "5",
  "heading": "Specified benchmarks",
  "text": "After article 63N insert—\n“CHAPTER 15E\nSPECIFIED BENCHMARKS\nThe activities\nSpecified benchmarks\n63O. (1) The following are specified kinds of activity—\n(a) providing information in relation to a specified benchmark;\n(b) administering a specified benchmark.\n(2) In this Chapter—\n(a) “providing information” in relation to a specified benchmark means providing any information or expression of opinion that is—\n(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;\n(ii) required in connection with the determination of the specified benchmark; and\n(iii) provided for the purpose of determining the specified benchmark;\n(b) “administering” a specified benchmark means—\n(i) administering the arrangements for determining a specified benchmark;\n(ii) collecting, analysing or processing information or expressions of opinion provided for the purpose of determining a specified benchmark;\n(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.\nPublicly available factual data and subscription services\n63P. A person does not carry on an activity of the kind specified by article 63O(1)(a) in relation to a specified benchmark where the information provided—\n(a) consists solely of factual data obtained from a publicly available source; or\n(b) is—\n(i) compiled by a subscription service for purposes other than in connection with the determination of a specified benchmark;\n(ii) provided to a person who has permission to carry on an activity of the kind specified by article 63O(1)(b) and who is a subscriber to the service; and\n(iii) provided to such a person only in that person’s capacity as a subscriber.\nAdministration of a specified benchmark by the FCA\n63Q. (1) The FCA does not carry on the activity of the kind specified by article 63O(1)(b) in relation to a specified benchmark where the FCA administers the specified benchmark itself.\n(2) Where a specified benchmark is administered by the FCA, the reference in article 63O(2)(a)(i) to a person who has permission to carry on the activity specified in 63O(1)(b) in relation to that specified benchmark is to be read as referring to the FCA.\nSchedule\n63R. Schedule 5 specifies benchmarks for the purposes of section 22(1A)(b) of the Act.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Inserted by S.I. 2009/1389."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2013/9780111533826/article/5",
    "retrieved_at": "2026-10-30T14:50:26.680229+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}