{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-amendment-regulations-2018/note",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-amendment-regulations-2018/note.json",
  "legislation": "uksi/2018/204",
  "legislation_title": "The Financial Services and Markets Act 2000 (Benchmarks) (Amendment) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-amendment-regulations-2018",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend regulation 61 of the Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 (S.I. 2018/135) (“the 2018 Regulations”). The 2018 Regulations implement parts of Regulation (EU) No 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 (OJ L171, 29/06/2016 p.1) and amending Directive 2008/48/EC (OJ L133, 22/05/2008 p.66) and 2014/17/EU and Regulation (EU) No 596/2015 (OJ L173 12/06/2014 p.1).\nRegulation 61 of the 2018 Regulations makes transitional provision in respect of existing benchmark administrators, not currently regulated under the Financial Services and Markets Act 2000 (c.8), who were administering benchmarks on or before 30th June 2016. The amendment is required because the transitional provision applies to existing benchmark administrators only in respect of benchmarks administered on or before 30th June 2016. These Regulations amend regulation 61 to apply the transitional provision both to such benchmarks and to benchmarks administered after that date and during the transitional period in regulation 61.\nA full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sector is foreseen.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2018/204/note",
    "retrieved_at": "2026-10-28T23:01:58.514635+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."
}