{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-amendment-order-2013/article-8",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-amendment-order-2013/article-8.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/8",
  "kind": "article",
  "number": "8",
  "heading": "Interim permission",
  "text": "(1) Paragraph (2) applies to a person (“B”) who, immediately before 2nd April 2013 was carrying on any of the following activities in relation to a benchmark that, on 2nd April 2013 is a specified benchmark—\n(a) administering the arrangements for determining the benchmark;\n(b) collecting, analysing or processing information or expressions of opinion provided by third parties for the purpose of determining the benchmark;\n(c) determining the benchmark through the application of a formula or other method of calculation to the information or expressions of opinion provided for that purpose.\n(2) B is to be treated as having a Part 4A permission to carry on the activity of administering a specified benchmark.\n(3) The Part 4A permission which B is to be treated as having is referred to in this Order as an “interim permission”.\n(4) B’s interim permission lapses on the earliest of—\n(a) the date specified in a notice of cancellation of permission given under this article by the FCA;\n(b) the cancellation of the permission by the FCA under section 55H of the Act (variation by FCA at request of authorised person); or\n(c) the exercise by the FCA of its power under section 55J of the Act (variation or cancellation on initiative of regulator).\n(5) A notice of cancellation of permission under paragraph (4)(a) may only be given by the FCA when, whether in relation to B or another person, a Part 4A permission is given or an existing Part 4A permission is varied so as to include permission to carry on the activity of administering a specified benchmark.\n(6) A notice of cancellation of permission given to B under paragraph (4)(a) must be given—\n(a) in writing; and\n(b) at least 7 days in advance of the cancellation of the interim permission.\n(7) For the purposes of paragraph (4)(a), section 55Z of the Act (cancellation of permission: procedure) does not apply.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2013/9780111533826/article/8",
    "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."
}