Regulation 38 Amendments to section 22 (regulated activities)

at the end of subsection (1A)(a) omit “or”;

at the end of subsection (1A)(b) insert “ , or ”;

after subsection (1A)(b) insert—

“(c)

administering a benchmark.”;

in subsection (6), for “Benchmark” substitute—

“For the purposes of subsection (1A)(b), “benchmark”;

after subsection (6) insert—

“(6A)

For the purposes of subsection (1A)(c), “benchmark” has the meaning given by Article 3 of the EU Benchmarks Regulation 2016, and “administering” a benchmark means acting as an administrator of that benchmark within the meaning of that Article.”.