---
title: "The Critical Benchmarks Regulations 2024"
id: 48362ecd-08f8-4dc0-9650-be472ce92fc3
authority: uk
place: "United Kingdom"
applies_also_from: []
kind: regulation
in_force: true
publisher_url: https://www.legislation.gov.uk/uksi/2024/1051
attribution: "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
solon_url: https://solon.orangecat.ch/law/48362ecd-08f8-4dc0-9650-be472ce92fc3
language: en
in_force_from: 2024-11-13
date_basis: publisher
status: consolidated
source_url: https://www.legislation.gov.uk/uksi/2024/1051/data.xml
read_on: 2026-11-10
sha256: d029835a3f43973a25345a8050ae2b8b7e903b9f58dea77f7c39e002bff1131e
provisions: 3
---

# The Critical Benchmarks Regulations 2024

## Title and introductory text {#prelims}

2024 No. 1051
FINANCIAL SERVICES AND MARKETS
The Critical Benchmarks Regulations 2024
Made
21st October 2024
Laid before Parliament
22nd October 2024
Coming into force
13th November 2024
The Treasury make these Regulations in exercise of the power conferred by Article A20(5) of 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.
In accordance with Article A20 of that Regulation:
the Financial Conduct Authority has recommended that the benchmarks specified in these Regulations should be recognised as critical in accordance with the review procedure in paragraphs 2 and 3 of Article A20;
the Treasury have determined for the purposes of paragraph 5 of Article A20 that the Financial Conduct Authority’s review complies with the requirements of paragraphs 2 and 3 of Article A20.

## 1 Citation, commencement and extent {#regulation-1}

(1) These Regulations may be cited as the Critical Benchmarks Regulations 2024 and come into force on 13th November 2024.
(2) These Regulations extend to England and Wales, Scotland and Northern Ireland.

## 2 Critical benchmarks {#regulation-2}

The following benchmarks are critical benchmarks—
(a) WMR Closing Spot Rates (also known as the WMR London 4pm Closing Spot Rate);
(b) ICE Swap Rate®.