Examples of Benchmark Regulation in a sentence
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.
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.
Compliance with the Benchmark Regulation may also result in additional costs being borne by the relevant sub-fund.
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).
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.