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+Article 24 1. |
Article 24 1.A benchmark which is not a critical benchmark shall be significant where either of the following conditions is fulfilled:
(a)
it is used directly or indirectly within a combination of benchmarks within the Union as a reference for financial instruments or financial contracts or for measuring the performance of investment funds that have a total average value of at least EUR 50 billion on the basis of the following characteristics of the benchmark, over a period of 6 months:
(i)
the range of maturities or tenors of the benchmark, where applicable;
(ii)
all the currencies or other units of measurement of the benchmark, where applicable; and
(iii)
all the return calculation methodologies, where applicable;
(b)
the benchmark has been designated as significant in accordance with the procedure laid down in paragraphs 3, 4 and 5, the procedure laid down in paragraph 6, or the procedure laid down in paragraph 7. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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