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Article 6 Significant and adverse impact on the financing of households and businesses

United Kingdom

Original text. Later amendments are not shown.

F1The FCA shall assess whether there is a significant and adverse impact on the financing of households and businesses in F2the United Kingdom in accordance with the following criteria:

  1. (a)

    the value of loans to households and non-financial corporates referencing the benchmark in the F3United Kingdom, both in absolute terms and relative to the total value of loans to households or non-financial corporates in F4the United Kingdom;

  2. (b)

    an estimate of the number of households that have subscribed loans referencing the benchmark in the United Kingdom, both in absolute terms and relative to the total number of households in the United Kingdom;

  3. (c)

    an estimate of the number of non-financial corporates that have subscribed loans referencing the benchmark in the United Kingdom, both in absolute terms and relative to the total number of non-financial corporates in the United Kingdom;

  4. (d)

    the degree of indebtedness of households and companies in the United Kingdom.

Annotations

Textual amendments

F1

Words in Art. 6 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 47(7)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F2

Words in Art. 6 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 47(7)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F3

Words in Art. 6 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 47(7)(c) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F4

Words in Art. 6 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 47(7)(d) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)