{
  "url": "https://openlegislation.uk/eu-regulation-2016-1011/article-8",
  "json_url": "https://openlegislation.uk/eu-regulation-2016-1011/article-8.json",
  "legislation": "eur/2016/1011",
  "legislation_title": "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)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2016-1011",
  "path": "article/8",
  "kind": "article",
  "number": "8",
  "heading": "Record-keeping requirements",
  "text": "1. An administrator shall keep records of:\n(a) all input data, including the use of such data;\n(b) the methodology used for the determination of a benchmark;\n(c) any exercise of judgement or discretion by the administrator and, where applicable, by assessors, in the determination of a benchmark, including the reasoning for said judgement or discretion;\n(d) the disregard of any input data, in particular where it conformed to the requirements of the benchmark methodology, and the rationale for such disregard;\n(e) other changes in or deviations from standard procedures and methodologies, including those made during periods of market stress or disruption;\n(f) the identities of the submitters and of the natural persons employed by the administrator for the determination of a benchmark;\n(g) all documents relating to any complaint, including those submitted by a complainant; and\n(h) telephone conversations or electronic communications between any person employed by the administrator and contributors or submitters in respect of a benchmark.\n2. An administrator shall keep the records set out in paragraph 1 for at least five years in such a form that it is possible to replicate and fully understand the determination of a benchmark and enable an audit or evaluation of input data, calculations, judgements and discretion. Records of telephone conversation or electronic communications recorded in accordance with point (h) of paragraph 1 shall be provided to the persons involved in the conversation or communication upon request and shall be kept for a period of three years.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2016/1011/article/8",
    "retrieved_at": "2026-11-01T14:45:45.723985+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."
}