{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-regulations-2018/regulation-38",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-regulations-2018/regulation-38.json",
  "legislation": "uksi/2018/135",
  "legislation_title": "The Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-regulations-2018",
  "path": "regulation/38",
  "kind": "regulation",
  "number": "38",
  "heading": "Amendments to section 22 (regulated activities)",
  "text": "Section 22 of the Act (regulated activities) is amended as follows—\n(a) at the end of subsection (1A)(a) omit “or”;\n(b) at the end of subsection (1A)(b) insert “ , or ”;\n(c) after subsection (1A)(b) insert—\n“(c) administering a benchmark.”;\n(d) in subsection (6), for “Benchmark” substitute—\n“For the purposes of subsection (1A)(b), “benchmark”;\n(e) after subsection (6) insert—\n“(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.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "Section 22 was amended by section 7(1) of the Financial Services Act 2012."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2018/135/regulation/38",
    "retrieved_at": "2026-10-28T23:02:39.118596+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."
}