Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June... (32016R1011)
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 and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 (Text with EEA relevance)
- 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 and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014
- (Text with EEA relevance)
- TITLE I
- SUBJECT MATTER, SCOPE AND DEFINITIONS
- Article 1
- Subject-matter
- Article 2
- Scope
- Article 3
- Definitions
- TITLE II
- BENCHMARK INTEGRITY AND RELIABILITY
- CHAPTER 1
- Governance of and control by administrators
- Article 4
- Governance and conflict of interest requirements
- Article 5
- Oversight function requirements
- Article 6
- Control framework requirements
- Article 7
- Accountability framework requirements
- Article 8
- Record-keeping requirements
- Article 9
- Complaints-handling mechanism
- Article 10
- Outsourcing
- CHAPTER 2
- Input data, methodology and reporting of infringements
- Article 11
- Input data
- Article 12
- Methodology
- Article 13
- Transparency of methodology
- Article 14
- Reporting of infringements
- CHAPTER 3
- Code of conduct and requirements for contributors
- Article 15
- Code of conduct
- Article 16
- Governance and control requirements for supervised contributors
- TITLE III
- REQUIREMENTS FOR DIFFERENT TYPES OF BENCHMARKS
- CHAPTER 1
- Regulated-data benchmarks
- Article 17
- Regulated-data benchmarks
- CHAPTER 2
- Interest rate benchmarks
- Article 18
- Interest rate benchmarks
- CHAPTER 3
- Commodity benchmarks
- Article 19
- Commodity benchmarks
- CHAPTER 4
- Critical benchmarks
- Article 20
- Critical benchmarks
- Article 21
- Mandatory administration of a critical benchmark
- Article 22
- Mitigation of market power of critical benchmark administrators
- Article 23
- Mandatory contribution to a critical benchmark
- CHAPTER 5
- Significant benchmarks
- Article 24
- Significant benchmarks
- Article 25
- Exemptions from specific requirements for significant benchmarks
- CHAPTER 6
- Non-significant benchmarks
- Article 26
- Non-significant benchmarks
- TITLE IV
- TRANSPARENCY AND CONSUMER PROTECTION
- Article 27
- Benchmark statement
- Article 28
- Changes to and cessation of a benchmark
- TITLE V
- USE OF BENCHMARKS IN THE UNION
- Article 29
- Use of a benchmark
- Article 30
- Equivalence
- Article 31
- Withdrawal of registration of an administrator located in a third country
- Article 32
- Recognition of an administrator located in a third country
- Article 33
- Endorsement of benchmarks provided in a third country
- TITLE VI
- AUTHORISATION, REGISTRATION AND SUPERVISION OF ADMINISTRATORS
- CHAPTER 1
- Authorisation and registration
- Article 34
- Authorisation and registration of an administrator
- Article 35
- Withdrawal or suspension of authorisation or registration
- Article 36
- Register of administrators and benchmarks
- CHAPTER 2
- Supervisory cooperation
- Article 37
- Delegation of tasks between competent authorities
- Article 38
- Disclosure of information from another Member State
- Article 39
- Cooperation on on-site inspections and investigations
- CHAPTER 3
- Role of competent authorities
- Article 40
- Competent authorities
- Article 41
- Powers of competent authorities
- Article 42
- Administrative sanctions and other administrative measures
- Article 43
- Exercise of supervisory powers and imposition of sanctions
- Article 44
- Obligation to cooperate
- Article 45
- Publication of decisions
- Article 46
- Colleges
- Article 47
- Cooperation with ESMA
- Article 48
- Professional secrecy
- TITLE VII
- DELEGATED AND IMPLEMENTING ACTS
- Article 49
- Exercise of the delegation
- Article 50
- Committee procedure
- TITLE VIII
- TRANSITIONAL AND FINAL PROVISIONS
- Article 51
- Transitional provisions
- Article 52
- Deadline for updating the prospectuses and key information documents
- Article 53
- ESMA reviews
- Article 54
- Review
- Article 55
- Notification of benchmarks referenced and their administrators
- Article 56
- Amendments to Regulation (EU) No 596/2014
- Article 57
- Amendments to Directive 2008/48/EC
- Article 58
- Amendments to Directive 2014/17/EU
- Article 59
- Entry into force
- ANNEX I
- INTEREST RATE BENCHMARKS
- Accurate and sufficient data
- Oversight function
- Auditing
- Contributor systems and controls
- ANNEX II
- COMMODITY BENCHMARKS
- Methodology
- Changes to a methodology
- Quality and integrity of benchmark calculations
- Integrity of the reporting process
- Assessors
- Audit trails
- Conflicts of interest
- Complaints
- External auditing
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