+Article 23b 4.

Article 23b 4.

For the purpose of point (b) of paragraph 3, a fallback provision shall be deemed unsuitable if:

(a) 

it does not provide for a permanent replacement for the benchmark in cessation; or

(b) 

its application requires consent from third parties that has been denied; or

(c) 

it provides for a replacement for a benchmark which no longer reflects or significantly diverges from the underlying market or the economic reality that the benchmark in cessation is intended to measure, and its application could have an adverse impact on financial stability.

1. Przegląd

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1.1 Odwołania

1.2 Zidentyfikowane wymagania

1.3 Powiązane normy

2. Zidentyfikowane wymagania

Wymagania

3. Powiązane normy

Normy