There are two regulated activities associated with specified benchmarks(1) providing information in relation to a specified benchmark; and(2) administering a specified benchmark
12A person will be providing information in relation to a specified benchmark where information or an expression of opinion necessary to determine a specified benchmark is provided to, or for the purposes of passing to, a benchmark administrator so he can administer a specified benchmark.
The purpose of this chapter is to set out the requirements applying to firms who are benchmark submitters or benchmark administrators when carrying out the activities of providing information in relation to a specified benchmark or administering a specified benchmark
3The regulated activities of providing information in relation to a specified benchmark and administering a specified benchmark do not require the involvement of a specified investment in any way.