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Article 23B Prohibition on use of Article 23A benchmarkF1

Original text. Later amendments are not shown.

1.

Supervised entities must not use an Article 23A benchmark, except where permitted to do so under paragraph 2 or Article 23C.

2.

The FCA may, by publishing a notice before the day on which the designation of the benchmark under Article 23A takes effect, provide that the prohibition in paragraph 1 does not take effect until a date specified in the notice.

3.

The date specified in a notice under paragraph 2 must fall before the end of the period of four months beginning with the day on which the designation of the benchmark under Article 23A takes effect.

4.

A notice published under this Article must be published in the way appearing to the FCA to be best calculated to bring it to the attention of—

(a)

supervised entities, and

(b)

the public.

5.

The FCA may charge a reasonable fee for providing a person with a copy of a notice published under this Article.

Annotations

Textual amendments

F1

Arts. 23B, 23C inserted (1.7.2021) by Financial Services Act 2021 (c. 22), ss. 14, 49(5); S.I. 2021/739, reg. 3(g)