18 Critical benchmarks provided for different currencies etc
Financial Services Act 2021 (2021 c 22) | Legislation

18  Critical benchmarks provided for different currencies etc

(1)     In the Benchmarks Regulation, after Article 23F (inserted by section 17) insert—

“Article 23G Critical benchmarks provided for different currencies etc

1     This Article makes provision about critical benchmarks provided for different currencies, maturities or tenors (“umbrella benchmarks”).

2     References in this Article to a “version” of an umbrella benchmark are to the benchmark as provided for a particular currency, maturity or tenor or, where the benchmark is provided for a combination of two or more of those factors, the benchmark as provided for each combination.

3     Articles 11(4), (4A) and (4B), 21, 21A, 22A, 22B, 23 and 23A to 23E and Annex 4 apply in relation to an umbrella benchmark

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