Benchmark Regulation definition
Examples of Benchmark Regulation in a sentence
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In the event that the relevant EU or third country index provider does not comply with the Benchmark Regulation in line with the transitional arrangements set down in the Benchmark Regulation or if the benchmark materially changes or ceases to exist, the relevant Sub-Fund will be required to identify a suitable alternative benchmark if available which may prove difficult or impossible.
Compliance with the Benchmark Regulation may also result in additional costs being borne by the relevant Sub-Fund.
Subject to certain transitional and grandfathering arrangements, the Benchmark Regulation, which governs the provision of, contribution to and use of benchmarks, took effect from 1 January 2018.
Subject to the applicable transitional arrangements, a Sub-Fund will no longer 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 not registered or authorised pursuant to Article 33 and 34 of the Benchmark Regulation.