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Critical Benchmarks (References and Administrators' Liability) Act 2021

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United Kingdom legislation
Critical Benchmarks (References and Administrators' Liability) Act 2021
Act of Parliament
Parliament of the United Kingdom
Long titleA Bill to make provision about the meaning of references to Article 23A benchmarks in contracts and other arrangements; and to make provision about the liability of administrators of Article 23A benchmarks.
Citation2021 c. 33
Introduced byJohn Glen, Economic Secretary to the Treasury (Commons)
Lord Agnew of Oulton, Minister of State for Efficiency and Transformation (Lords)
Territorial extent England & Wales, Scotland and Northern Ireland.
Dates
Royal assent15 December 2021
Commencement15 December 2021
Other legislation
Relates toFinancial Services Act 2021
Status: Current legislation
History of passage through Parliament
Text of statute as originally enacted
Revised text of statute as amended

The Critical Benchmarks (References and Administrators' Liability) Act 2021 (c. 33) is an act of Parliament proposed by Theodore Agnew as Minister of State for Efficiency and Transformation regarding how critical benchmarks should be treated in contracts and the liability of administrators when operating under Financial Services Authority guidelines.

References

  1. "HoC research paper – Critical Benchmarks (References and Administrators' Liability) Bill". Regulation Tomorrow. 20 November 2021. Retrieved 4 January 2022.
  2. HM Treasury. "CRITICAL BENCHMARKS (REFERENCES AND ADMINISTRATORS' LIABILITY) BILL (HL)" (PDF). Parliament of the United Kingdom. Archived (PDF) from the original on 27 November 2021.


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