6.

The administrator of a commodity benchmark shall: specify the criteria that define the physical commodity that is the subject of a particular methodology; give priority to input data in the following order, where consistent with its methodologies: concluded and reported transactions; bids and offers; other information. If concluded and reported transactions are not given priority, the reasons should be explained, as required in point 7(b). employ sufficient measures designed to use input data submitted and considered in a benchmark calculation which are bona fide, meaning that the parties submitting the input data have executed, or are prepared to execute, transactions generating such input data and the concluded transactions were executed at arms-length from each other and particular attention shall be paid to inter-affiliate transactions; establish and employ procedures to identify anomalous or suspicious transaction data and keep records of decisions to exclude transaction data from the administrator's benchmark calculation process; encourage contributors to submit all of their input data that falls within the administrator's criteria for that calculation. Administrators shall seek, so far as they are able and is reasonable, to ensure that input data submitted is representative of the contributors' actual concluded transactions; and employ a system of appropriate measures to ensure that contributors comply with the administrator's applicable quality and integrity standards for input data.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.