# 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 (Text with EEA relevance), Article 19a: UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks

Extent: E+W+S+N.I.

1. The requirements laid down in Annex III shall apply to the provision of, and contribution to, UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks, in addition to the requirements of Titles II, III and IV.
2. The Treasury may make regulations to supplement this Regulation by laying down the minimum standards for UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks to specify:
(a) the criteria for the choice of the underlying assets, including, where applicable, any criteria for excluding assets;
(b) the criteria and method for the weighting of the underlying assets in the benchmark;
(c) the determination of the decarbonisation trajectory for UK Climate Transition Benchmarks.
3. Benchmark administrators which provide an UK Climate Transition Benchmark or an UK Paris-aligned Benchmark shall comply with this Regulation by 30 April 2020.

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Source: https://www.legislation.gov.uk/eur/2016/1011/article/19a (the official version)
Page: https://openlegislation.uk/eu-regulation-2016-1011/article-19a
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.