+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. Vue d’ensemble

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1.1 Références

1.2 Exigences identifiées

1.3 Normes associées

2. Exigences identifiées

Exigences

3. Normes associées

Normes