+Article 13a 3.

Article 13a 3.

Paragraphs 1 and 2 shall apply only to OTC derivative contracts the amendment or novation of which:

(a) 

is necessary for the purpose of replacing a benchmark in the context of benchmark reforms;

(b) 

does not change the economic substance or risk factor represented by the reference to a benchmark in such contract; and

(c) 

does not encompass other changes to any legal term of that contract that does not relate to the benchmark referenced and thus potentially amends the contract in a way that effectively requires it to be considered a new contract.

1. Prezentare generală

,

1.1 Referințe

1.2 Cerințe identificate

1.3 Standarde asociate

2. Cerințe identificate

Cerințe

3. Standarde asociate

Standarde