19 Changes to and cessation of a benchmark
Financial Services Act 2021 (2021 c 22) | Legislation

19  Changes to and cessation of a benchmark

(1)     Article 28 of the Benchmarks Regulation (changes to and cessation of a benchmark) is amended as follows.

(2)     In paragraph 1—

(a)     omit “, together with the benchmark statement referred to in Article 27,”,

(b)     for “a procedure” substitute “a robust procedure”, and

(c)     omit “and shall be updated and published whenever a material change occurs”.

(3)     After paragraph 1 insert—

“1A     The procedure described in paragraph 1—

(a)     must be published with the benchmark statement for the benchmark when that statement is published in accordance with the first or second subparagraph of Article 27(1), and

(b)     must be updated

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