151. Power of Minister to appoint inspectors

Terms defined in s 2

• administering a designated benchmark

  administering a designated benchmark

  Defined · s 2

  “administering a designated benchmark” means —(a)controlling the development of the definition of a designated benchmark for the purpose of determining a designated benchmark;(b)controlling the development of the methodology of determining a designated benchmark;(c)controlling the review of the definition of a designated benchmark for the purpose of determining a designated benchmark;(d)controlling the review of the methodology of determining a designated benchmark;(e)managing any arrangements, processes or mechanisms for the purpose of determining a designated benchmark;(f)collecting, analysing or processing any information or expression of opinion for the purpose of determining a designated benchmark;(g)applying a formula or other methods of calculation to information or expressions of opinion in order to determine a designated benchmark; or(h)monitoring and conducting surveillance of any information or expressions of opinion provided for the purpose of determining a designated benchmark,but does not include providing information in relation to a designated benchmark or any act that is necessary or incidental to providing such information;

  Open s 2
• dealing in capital markets products

  dealing in capital markets products

  Defined · s 2

  “dealing in capital markets products” has the meaning given in the Second Schedule;

  Open s 2
• providing information in relation to a designated benchmark

  providing information in relation to a designated benchmark

  Defined · s 2

  “providing information in relation to a designated benchmark” means providing any information or expression of opinion —(a)to, or for the purpose of passing the information or expression of opinion on to, a person (A) administering a designated benchmark; and(b)that enables A to determine that designated benchmark;

  Open s 2