+Article 12 2.

Article 12 2.

When developing a benchmark methodology, a benchmark administrator shall:

(a) 

take into account factors including the size and normal liquidity of the market, the transparency of trading and the positions of market participants, market concentration, market dynamics, and the adequacy of any sample to represent the market or economic reality that the benchmark is intended to measure;

(b) 

determine what constitutes an active market for the purposes of that benchmark; and

(c) 

establish the priority given to different types of input data.

1. Panoramica

,

1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard