{
  "url": "https://openlegislation.uk/eu-regulation-2020-1818/article-3",
  "json_url": "https://openlegislation.uk/eu-regulation-2020-1818/article-3.json",
  "legislation": "eur/2020/1818",
  "legislation_title": "Commission Delegated Regulation (EU) 2020/1818 of 17 July 2020 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council as regards minimum standards for UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2020-1818",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Equity allocation constraint",
  "text": "UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks that are based on equity securities admitted to a public market in the Union or in another jurisdiction, shall have an aggregated exposure to the sectors listed in Sections A to H and Section L of SIC that is at least equivalent to the aggregated exposure of the underlying investable universe to those sectors.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Ch. 2 s. 1 substituted (18.10.2021) by The Markets in Financial Instruments, Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021 (S.I. 2021/1074), regs. 1(2), 6(4)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Ch. 2 s. 1 substituted (18.10.2021) by The Markets in Financial Instruments, Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021 (S.I. 2021/1074), regs. 1(2), 6(4)(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in Art. 3 substituted (18.10.2021) by The Markets in Financial Instruments, Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021 (S.I. 2021/1074), regs. 1(2), 6(4)(c)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2020/1818/article/3",
    "retrieved_at": "2026-11-01T14:42:19.280123+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."
}