Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June…

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 · European Union · 32016R1011

706 provisions in 1576 nodes · cited by 16 instruments we hold · 14 provisions hand work to national law

Defined terms · All instruments · Consumer credit information · EC Directive · European Central Bank · Internet · administrative sanction · advertising · auditing · bank deposit

TITLE I SUBJECT MATTER, SCOPE AND DEFINITIONS

Article 1 Subject-matter

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

Division

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

Division

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

Division

CHAPTER 2 Interest rate benchmarks

Article 18 Interest rate benchmarks

Division

CHAPTER 3 Commodity benchmarks

Article 19 Commodity benchmarks

Division

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

Division

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

Division

TITLE IV TRANSPARENCY AND CONSUMER PROTECTION

Article 27 Benchmark statement

Article 28 Changes to and cessation of a benchmark

Division

TITLE V USE OF BENCHMARKS IN THE UNION

Article 29 Use of a benchmark

Division

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

Division

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

Division

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

Division

Article 45 Publication of decisions

Article 47 Cooperation with ESMA

Division

Article 48 Professional secrecy

Division

TITLE VII DELEGATED AND IMPLEMENTING ACTS

Article 49 Exercise of the delegation

Division

Article 50 Committee procedure

Division

TITLE VIII TRANSITIONAL AND FINAL PROVISIONS

Article 51 Transitional provisions

Article 52 Deadline for updating the prospectuses and key information documents

Division

Article 53 ESMA reviews

Article 55 Notification of benchmarks referenced and their administrators

Division

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

Division

Preamble

ANNEX I

INTEREST RATE BENCHMARKS

Accurate and sufficient data

Contributor systems and controls

Changes to a methodology

Quality and integrity of benchmark calculations

Integrity of the reporting process

Conflicts of interest