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🔗 Back to Summary. 🇫🇷 French Version: 2016R1011_FR.23 bis. Open the PDF. Direct link to EUR-LEX.
Article 23 – Mandatory contribution to a critical benchmark ⬅️ | ➡️ Article 23b – Replacement of a benchmark by Union law
Article 23a - Scope of the statutory replacement of a benchmark
This Chapter applies to:
(a)
any contract, or any financial instrument as defined in Directive 2014/65/EU, that references a benchmark and is subject to the law of one of the Member States; and
(b)
any contract, the parties to which are all established in the Union, that references a benchmark and that is subject to the law of a third country and where that law does not provide for the orderly wind-down of a benchmark.