{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-regulations-2018/regulation-51",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-benchmarks-regulations-2018/regulation-51.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/51",
  "kind": "regulation",
  "number": "51",
  "heading": "Amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001",
  "text": "After article 63R of the RAO (specified benchmarks) insert—\n“Administering a benchmark\n63S (1) Administering a benchmark is a specified kind of activity.\n(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 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 and 2014/17/EU and Regulation (EU) No 596/2014 .\nAdministration of a benchmark by the FCA\n63T 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.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "OJ No. L171, 29.06.2016, p.1."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "OJ No. L133, 22.05.2008, p.66."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "OJ No. L60, 28.02.2014, p.34."
    },
    {
      "type": "M",
      "label": "M4",
      "text": "OJ No. L173, 12.06.2014, p.1."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2018/135/regulation/51",
    "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."
}