Retained EU Law 2016 United Kingdom

Benchmarks Regulation — retained EU law (BMR)

At a glance

Enforced by

FCA

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

Browse 80 other sections — procedural / definitional / commencement
s.art001

Subject-matter

s.art002

Scope

s.art003

Definitions

s.art004

Governance and conflict of interest requirements

s.art005

Oversight function requirements

s.art006

Control framework requirements

s.art007

Accountability framework requirements

s.art008

Record-keeping requirements

s.art009

Complaints-handling mechanism

s.art010

Outsourcing

s.art011

Input data

s.art012

Methodology

s.art013

Transparency of methodology

s.art014

Reporting of infringements

s.art015

Code of conduct

s.art016

Governance and control requirements for supervised contributors

s.art017

Regulated-data benchmarks

s.art018

Interest rate benchmarks

s.art019

Commodity benchmarks

s.art019

UK Climate Transition Benchmarks and UK Paris-aligned Benchmarks

s.art019

Requirements for UK Climate Transition Benchmarks

s.art019

Exclusions for UK Paris-aligned Benchmarks

s.art019

Endeavour to provide UK Climate Transition Benchmarks

s.art020

Critical benchmarks: conditions and other matters

s.art021

Mandatory administration of a critical benchmark

s.art021

Prohibition on new use where administrator to cease providing critical benchmark

s.art022

Mitigation of market power of critical benchmark administrators

s.art022

Assessment of representativeness of critical benchmarks: administrator

s.art022

Assessment of representativeness of critical benchmarks: FCA

s.art023

Mandatory contribution to a critical benchmark

s.art023

Designation of certain critical benchmarks

s.art023

Prohibition on use of Article 23A benchmark

s.art023

Exception from the prohibition for legacy use of Article 23A benchmark

s.art023

Orderly cessation of Article 23A benchmarks

s.art023

Review of exercise of powers under Article 23D

s.art023

Policy statements

s.art023

References to Article 23A benchmarks

s.art023

References to Article 23A benchmarks: further provision

s.art023

Liability of administrator of Article 23A benchmark

s.art023

Critical benchmarks provided for different currencies etc

s.art024

Significant benchmarks

s.art025

Exemptions from specific requirements for significant benchmarks

s.art026

Non-significant benchmarks

s.art026

Compliance with requirements

s.art027

Benchmark statement

s.art028

Changes to and cessation of a benchmark

s.art029

Use of a benchmark

s.art030

Equivalence

s.art031

Withdrawal of registration of an administrator located in a third country

s.art032

Recognition of an administrator located in a third country

s.art033

Endorsement of benchmarks provided in a third country

s.art034

Authorisation and registration of an administrator

s.art035

Withdrawal or suspension of authorisation or registration

s.art036

Register of administrators and benchmarks

s.art037

Delegation of tasks between competent authorities

s.art038

Disclosure of information from another Member State

s.art039

Cooperation on on-site inspections and investigations

s.art040

Competent authorities

s.art041

Powers of competent authorities

s.art042

Administrative sanctions and other administrative measures

s.art043

Exercise of supervisory powers and imposition of sanctions

s.art044

Obligation to cooperate

s.art045

Publication of decisions

s.art046

Cessation of a critical benchmark in certain circumstances

s.art047

Cooperation with ESMA

s.art048

Professional secrecy

s.art048

Provision of information and documents

s.art048

Periods of time

s.art049

Regulations made by the Treasury

s.art050

Committee procedure

s.art051

Transitional provisions

s.art052

Deadline for updating the prospectuses and key information documents

s.art053

ESMA reviews

s.art054

Review

s.art055

Notification of benchmarks referenced and their administrators

s.art056

Amendments to Regulation (EU) No 596/2014

s.art057

Amendments to Directive 2008/48/EC

s.art058

Amendments to Directive 2014/17/EU

s.art059

Entry into force

s.art.a20

Critical benchmarks: review of critical benchmarks

Enforcement and responsible bodies

The regulators that administer or enforce this legislation.

FCA

Financial Conduct Authority

Regulation of financial services firms and markets. Supervises banks, insurers, investment firms, payment services, and cryptoasset businesses. Issues authorisations and enforces conduct …

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