Benchmark Regulation Sample Clauses

Benchmark Regulation. The Benchmark Administrator appears on the register of administrators and benchmarks maintained by ESMA pursuant to Article 36 of the Benchmark Regulations. The Management Company has put in place written plans, in accordance with Article 28(2) of the Benchmark Regulation, detailing the actions it will take in the event that the Benchmark materially changes or ceases to be provided. These written plans detail the steps the Management Company will take to nominate a suitable alternative Benchmark. A copy of the Management Company’s policy on cessation or material change to a benchmark is available upon request from the Management Company.
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Benchmark Regulation. The Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 (the “Benchmark Regulation”) on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds took effect, subject to the applicable transitional arrangements, from 1 January 2018. Subject to those transitional arrangements, a sub-fund will only be able to “use” a benchmark within the meaning of the Benchmark Regulation which is provided by an EU or third country index provider which is registered or authorised pursuant to Article 29 and 34 of the Benchmark Regulation. In the event that the relevant EU or third country index provider does not comply with the Benchmark Regulation or if the benchmark materially changes or ceases to exist, the sub-fund will be required to identify a suitable alternative benchmark. In certain cases this may prove difficult or impossible. Failure to identify a suitable replacement benchmark may have an adverse impact on the relevant sub-fund, including in certain circumstances the ability of the asset manager to implement the investment strategy of the relevant sub-fund. Compliance with the Benchmark Regulation may also result in additional costs being borne by the relevant sub-fund. The UCITS currently uses benchmarks to calculate performance fees (for details regarding performance fees please see section 11.2 of this prospectus and Annex A). The administrators of these benchmarks are included in the register of administrators and benchmarks maintained by ESMA pursuant to Article 36 and 51 of the Benchmark Regulation (with the exception of the S&P / ASX Accumulation 300 Index whose administrator is availing of the transitional arrangements afforded under the Benchmark Regulation).
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Benchmark Regulation. Amounts payable under the Securities are calculated by reference to EURIBOR, which is provided by the European Money Markets Institute. As at the date of this Prospectus, the European Money Markets Institute do not appear on the register of administrators and benchmarks established and maintained by the European Securities and Markets Authority pursuant to Article 36 of the Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds. As far as the Issuer is aware, the European Money Markets Institute is not currently required to obtain authorisation or registration (or, if located outside the European Union, recognition, endorsement or equivalence) under that Regulation.
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Benchmark Regulation. The Fund may use the 3 Month EURIBOR+3%, the JPMorgan Global Bond Index and the MSCI World Index (each a "Benchmark") to measure the performance of the Fund for comparison purposes only. Each Benchmark, administered by the European Money Markets Institute, has been added to the list of critical benchmarks pursuant to Article 10(1) of the Benchmark Regulation. This section should be read in conjunction with the section entitled "Fees and Expenses" in the Prospectus.
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Related to Benchmark Regulation

  • FCC Regulations The unstayed, effective regulations promulgated by the FCC, as amended from time to time.

  • Federal Regulations No part of the proceeds of any Loans will be used for "purchasing" or "carrying" any "margin stock" within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect or for any purpose that violates the provisions of the Regulations of the Board. If requested by any Lender or the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1 referred to in Regulation U.

  • Market Regulations The Company shall notify the Commission, the Principal Market and applicable state authorities, in accordance with their requirements, of the transactions contemplated by this Agreement, and shall take all other necessary action and proceedings as may be required and permitted by applicable law, rule and regulation, for the legal and valid issuance of the Securities to the Subscribers and promptly provide copies thereof to Subscriber.

  • Technical Regulations 1. The rights and obligations of the Parties in respect of technical regulations, standards and conformity assessment shall be governed by the WTO Agreement on Technical Barriers to Trade. 2. The Parties shall strengthen their co-operation in the field of technical regulations, standards and conformity assessment, with a view to increasing the mutual understanding of their respective systems and facilitating access to their respective markets.

  • Tax Shelter Regulations The Borrower does not intend to treat the Loans and/or Letters of Credit and related transactions as being a “reportable transaction” (within the meaning of Treasury Regulation Section 1.6011-4). In the event the Borrower determines to take any action inconsistent with such intention, it will promptly notify the Administrative Agent thereof. If the Borrower so notifies the Administrative Agent, the Borrower acknowledges that one or more of the Lenders may treat its Loans and/or its interest in Swing Line Loans and/or Letters of Credit as part of a transaction that is subject to Treasury Regulation Section 301.6112-1, and such Lender or Lenders, as applicable, will maintain the lists and other records required by such Treasury Regulation.