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    2024-11-19

MAR 8.4 Third country benchmark contributors

Application

MAR 8.4.1R
  1. (1)

    1Subject to (2), this section applies to a third country benchmark contributor that:

    1. (a)

      is not a supervised entity; and

    2. (b)

      would be a supervised entity if it were located in the UK2.

  2. (2)

    This section does not apply to a third country benchmark contributor to the extent that it is contributing input data in relation to a commodity benchmark, the provision of which is governed by Annex II of the benchmarks regulation (in accordance with article 19 of that regulation).

Application of the benchmarks regulation

MAR 8.4.2R

1A third country benchmark contributor in MAR 8.4.1R must comply with the following requirements applicable to supervised contributors (as defined in the benchmarks regulation) as if they were rules:

  1. (1)

    article 16 of the benchmarks regulation, as amended or supplemented as relevant by article 26 and Annex 1 of the benchmarks regulation; and

  2. (2)

    article 23(3) of the benchmarks regulation.