emendrix

Art. 3

Benchmarks Regulation · 32016R1011 · every event for this act · on EUR-Lex

Definitions

4 changes recorded across 4 events, newest first.

in force 2026-01-01 MODIFIED+199 −136

Amended by Regulation (EU) 2025/914 32025R0914

applies from: unchanged

In the definition of supervised entity, point (m) now describes an administrator as one authorised or registered pursuant to Article 34, whereas previously it referred simply to an administrator with no such qualification.

In the definition of regulated-data benchmark, the reference for an approved publication arrangement and a consolidated tape provider was changed from point (52) and point (53) of Article 4(1) of Directive 2014/65/EU to point (34) and point (35) of Article 2(1) of Regulation (EU) No 600/2014, respectively.

Similarly, the reference for an approved reporting mechanism was changed from point (54) of Article 4(1) of Directive 2014/65/EU to point (36) of Article 2(1) of Regulation (EU) No 600/2014.

Cited: Art. 3, v1 · Art. 3, v2

text before / after

02016R1011-20250117 → 02016R1011-20260101

Article 3 Definitions 1. For the purposes of this Regulation, the following definitions apply: (1) index means any figure: (a) that is published or made available to the public; (b) that is regularly determined: (i) entirely or partially by the application of a formula or any … 1,127 unchanged words … Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (OJ L 201, 27.7.2012, p. 1).; (l) a trade repository as defined in point (2) of Article 2 of Regulation (EU) No 648/2012; (m) an administrator; administrator authorised or registered pursuant to Article 34; (18) financial contract means: (a) any credit agreement as defined in point (c) of Article 3 of Directive 2008/48/EC; (b) any credit agreement as defined in point (3) of Article 4 of Directive 2014/17/EU; (19) investment fund means an AIF as defined in … 688 unchanged words … and of the Council, or a regulated market considered to be equivalent under Article 2a of Regulation (EU) No 648/2012, but in each case only with reference to transaction data concerning financial instruments; (ii) an approved publication arrangement as defined in Article 2(1), point (52) (34), of Article 4(1) of Directive 2014/65/EU Regulation (EU) No 600/2014 or a consolidated tape provider as defined in Article 2(1), point (53) (35), of Article 4(1) of Directive 2014/65/EU, Regulation (EU) No 600/2014, in accordance with mandatory post-trade transparency requirements, but only with reference to transaction data concerning financial instruments that are traded on a trading venue; (iii) an approved reporting mechanism as defined in Article 2(1), point (54) (36), of Article 4(1) of Directive 2014/65/EU, Regulation (EU) No 600/2014, but only with reference to transaction data concerning financial instruments that are traded on a trading venue and that must be disclosed in accordance with mandatory post-trade transparency requirements; (iv) an electricity exchange as referred to in point (j) of Article … 501 unchanged words … Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 50(2). Where applicable, the Commission shall take into account the market or technological developments and the international convergence of supervisory practice in relation to benchmarks.

in force 2022-01-01 MODIFIED

Amended by Regulation (EU) 2019/2175 32019R2175

applies from: unchanged

In point (24)(a), the phrase describing input data contributed "entirely and directly" from the listed sources is changed to "entirely" from those sources, removing the word directly.

In point (24)(a)(vii), the reference to outsourced data collection under Article 10 now adds an exception for point (f) of Article 10(3), and the requirement that the service provider receive the data "entirely and directly" from an entity referred to in points (i) to (vi) is changed to receiving the data "entirely" from such an entity, with the added words "of this point" appended to that reference.

Cited: Art. 3, v1 · Art. 3, v2

text before / after, on the event page →

in force 2021-02-13 MODIFIED

Amended by Regulation (EU) 2021/168 32021R0168

applies from: unchanged

A new definition, point (22a) for 'spot foreign exchange benchmark', has been added, describing it as a benchmark reflecting the price, expressed in one currency, of another currency or a basket of currencies for delivery on the earliest possible value date.

In point (24)(a)(i), the reference to input data contributed from a trading venue or equivalent third-country venue has been expanded to also include a reference to Article 25(4) of Directive 2014/65/EU.

Cited: Art. 3, v2 · Art. 3, v1

text before / after, on the event page →

in force 2019-12-10 MODIFIED

Amended by Regulation (EU) 2019/2089 32019R2089

applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)

dates added to the text: 2016-10-05

Three new definitions are inserted after point (23): point (23a) defines an EU Climate Transition Benchmark by reference to a decarbonisation trajectory and minimum standards set out in delegated acts, point (23b) defines an EU Paris-aligned Benchmark by reference to alignment with the Paris Agreement's objectives, minimum standards in delegated acts, and non-significant harm to other ESG objectives, and point (23c) defines decarbonisation trajectory itself.

None of these three points existed in the earlier version of Article 3, which ended its numbered definitions at point (23) before moving directly to point (24).

Cited: Art. 3, v2 · Art. 3, v1

text before / after, on the event page →