+Article 12 1.

Article 12 1.

An administrator shall use a methodology for determining a benchmark that:

(a)

is robust and reliable;

(b)

has clear rules identifying how and when discretion may be exercised in the determination of that benchmark;

(c)

is rigorous, continuous and capable of validation including, where appropriate, back-testing against available transaction data;

(d)

is resilient and ensures that the benchmark can be calculated in the widest set of possible circumstances, without compromising its integrity;

(e)

is traceable and verifiable.

1. Übersicht

Bezeichnung	Regulierung

Anforderungen
Quelle	Anforderung

Standards
Quelle	Anforderung

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