Regulation 51 Amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

After article 63R of the RAO (specified benchmarks) insert—

“Administering a benchmark
63S
(1)
Administering a benchmark is a specified kind of activity.
(2)
In paragraph (1) “administering a benchmark” means acting as an administrator of a benchmark within the meaning of Article 3 of Regulation EU 2016/1011 M1 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 and amending Directives 2008/48/EC M2 and 2014/17/EU M3 and Regulation (EU) No 596/2014 M4.
Administration of a benchmark by the FCA
63T
The FCA does not carry on the activity of the kind specified by article 63S(1) in relation to a benchmark where the FCA administers the benchmark itself.”.

Annotations

Marginal citations

M1: OJ No. L171, 29.06.2016, p.1.
M2: OJ No. L133, 22.05.2008, p.66.
M3: OJ No. L60, 28.02.2014, p.34.
M4: OJ No. L173, 12.06.2014, p.1.

Notes on the whole SI

Textual amendments

F1: Regulations revoked (14.12.2023 for the revocation of reg. 68) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xxi)