{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2023-benchmarks-and-capital-requirements-amendment-regulations-2023/regulation-3",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2023-benchmarks-and-capital-requirements-amendment-regulations-2023/regulation-3.json",
  "legislation": "ukdsi/2023/9780348253313",
  "legislation_title": "The Financial Services and Markets Act 2023 (Benchmarks and Capital Requirements) (Amendment) Regulations 2023",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2023-benchmarks-and-capital-requirements-amendment-regulations-2023",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Amendment of Regulation (EU) 2016/1011",
  "text": "(1) Article 51(5) (transitional provisions) 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 and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 is amended as follows.\n(2) In subparagraph (a), for “31 December 2025” substitute “31 December 2030”.\n(3) In subparagraph (b)—\n(a) for “1 January 2026” substitute “1 January 2031”;\n(b) for “31 December 2025” substitute “31 December 2030”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "EUR 2016/1011. Paragraphs (5), (5A) and (5B) of Article 51 were substituted for paragraph (5) by S.I. 2019/657 as amended by S.I. 2020/1301. Paragraph (5) was subsequently amended by section 20 of the Financial Services Act 2021."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2023/9780348253313/regulation/3",
    "retrieved_at": "2026-10-30T14:42:23.817749+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."
}