The Financial Services and Markets Act 2023 (Benchmarks and Capital Requirements) (Amendment) Regulations 2023
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3 Amendment of Regulation (EU) 2016/1011
(1) Article 51(5) (transitional provisions) 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 and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 is amended as follows. (2) In subparagraph (a), for “31 December 2025” substitute “31 December 2030”. (3) In subparagraph (b)— (a) for “1 January 2026” substitute “1 January 2031”; (b) for “31 December 2025” substitute “31 December 2030”.
3 Amendment of Regulation (EU) 2016/1011
(1) Article 51(5) (transitional provisions) 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 and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014 is amended as follows. (2) In subparagraph (a), for “31 December 2025” substitute “31 December 2030”. (3) In subparagraph (b)— (a) for “1 January 2026” substitute “1 January 2031”; (b) for “31 December 2025” substitute “31 December 2030”.
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