Critical Benchmarks (References and Administrators' Liability) Act 2021
In Chapter 4 of Title 3 of the Benchmarks Regulation (critical benchmarks), after Article 23F insert—
In the Benchmarks Regulation, after Article 23FB (inserted by section 1) insert—
In Article 2 of the Benchmarks Regulation (scope), at the end insert—
In Article 23G(3) of the Benchmarks Regulation (critical benchmarks provided for different currencies etc), for “and 23A to 23E” substitute “, 23A to 23E and 23FA to 23FC”.
In this Act, “the Benchmarks Regulation” means 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.
This Act extends to England and Wales, Scotland and Northern Ireland.
This Act comes into force on the day on which it is passed.
This Act may be cited as the Critical Benchmarks (References and Administrators’ Liability) Act 2021.