+Article 18a Spot foreign exchange benchmarks
---+Article 18a 1.
---+Article 18a 2.
---+Article 18a 3.

Article 18a Spot foreign exchange benchmarks

1. Ħarsa ġenerali

,
Article 18a 1.

The Commission shall designate as exempted a spot foreign exchange benchmark that is administered by administrators located outside the Union where both of the following criteria are fulfilled:

(a) 

the spot foreign exchange benchmark references a spot exchange rate of a third-country currency to which currency controls apply; and

(b) 

the spot foreign exchange benchmark:

(i) 

is used on a frequent, systematic and regular basis to hedge against adverse foreign exchange rate movements; or

(ii) 

does not have an equivalent alternative benchmark provided by an administrator located in the Union.
Article 18a 2.
The Commission shall conduct a public consultation to identify spot foreign exchange benchmarks that fulfil the criteria laid down in paragraph 1.
Article 18a 3.
Following the conclusion of the public consultation, the Commission shall adopt an implementing act to create a list of spot foreign exchange benchmarks that fulfil the criteria laid down in paragraph 1 by 9 June 2026. The Commission shall update that list as appropriate.

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards