Examples of Benchmark Regulations in a sentence
Regulation (EU) 2016/1011 (also known as the “EU Benchmark Regulation”) requires the Management Company to produce and maintain robust written plans setting out the actions that it would take in the event that a benchmark (as defined by the EU Benchmark Regulations) materially changes or ceases to be provided.
Regulation (EU) 2016/1011 (also known as the “EU Bench- mark Regulation”) requires the Management Company to pro- duce and maintain robust written plans setting out the actions that it would take in the event that a benchmark (as defined by the EU Benchmark Regulations) materially changes or ceases to be provided.
In respect of each of the relevant Funds, the ICAV is working with the applicable benchmark administrator for each benchmark used by the Fund to confirm that the benchmark administrators are, or intend to procure that they are, included in the register maintained by ESMA under the Benchmark Regulations.
Benchmarks such as EURIBOR or LIBOR may be discontinued if they do not comply with the requirements of the Benchmark Regulations, or if the administrator of the benchmark either fails to apply for authorisation or is refused authorisation by its home regulator.
On 2 July 2019, the European Money Markets Institute, administrator for EURIBOR, was granted authorisation under the Benchmark Regulations by the Financial Services and Markets Authority of Belgium.
MSCI Limited has been granted authorisation by the UK FCA as a UK administrator for all MSCI equity indices under the Benchmark Regulations.
In respect of the Sub- funds, the Benchmark Regulation prohibits the use of benchmarks unless they are produced by an EU administrator authorized or registered by the European Securities and Markets Authority ("ESMA") or are non-EU benchmarks that are included in ESMA's register under the Benchmark Regulation's third country regime.
The EU Benchmark Regulation requires the ACD to produce and maintain robust written plans setting out the actions that it would take in the event that a benchmark (as defined by the EU Benchmark Regulations) materially changes or ceases to be provided.
In respect of the Company, the Benchmark Regulation prohibits the use of benchmarks unless they are produced by an EU administrator authorized or registered by the European Securities and Markets Authority ("ESMA") or are non-EU benchmarks that are included in ESMA's register under the Benchmark Regulation's third country regime.
The Fund Manager considers the benchmarks to be in scope of the EU Benchmark Regulations (2016/1011).