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Retour au sommaire ⬅️ | ➡️ Article 2 – Nature of the input data
Article 1 - Vulnerability of the benchmark to manipulation
The further criteria to be considered by the competent authority under 2016 in taking into account the vulnerability of the benchmark to manipulation shall include at least the following:
(a)
whether the benchmark is based on transaction data;
(b)
whether the contributors are supervised entities;
(c)
whether measures apply that increase the robustness of the input data;
(d)
whether the administrator’s organisational structure reduces incentives to manipulation;
(e)
whether the administrator has a financial interest in financial instruments, financial contracts or investment funds referencing the benchmark;
(f)
whether there are proven cases of manipulation of the same benchmark or a benchmark with a similar methodology provided by an administrator of similar size and organisational structure.