Article 19b | BMR | Regulation 2016/1011

Article 19b - Requirements for EU Climate Transition Benchmarks

Article 19b

Administrators of EU Climate Transition Benchmarks shall select, weight, or exclude underlying assets issued by companies that follow a decarbonisation trajectory by 31 December 2022, in accordance with the following requirements:

(i)

the companies disclose measurable carbon emission reduction targets to be achieved within specific timeframes;

(ii)

the companies disclose a reduction in carbon emissions which is disaggregated down to the level of relevant operating subsidiaries;

(iii)

the companies disclose annual information on progress made towards those targets;

(iv)

the activities relating to the underlying assets do not significantly harm other ESG objectives.

TITLE I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-3)

TITLE II - BENCHMARK INTEGRITY AND RELIABILITY (Article 4-16)

TITLE III - REQUIREMENTS FOR DIFFERENT TYPES OF BENCHMARKS (Article 17-26)

CHAPTER 1 - Regulated-data benchmarks (Article 17)

CHAPTER 2 - Interest rate benchmarks and spot foreign exchange benchmarks (Article 18-18a)

CHAPTER 3 - Commodity benchmarks (Article 19)

CHAPTER 4 - Critical benchmarks (Article 20-23)

CHAPTER 4A - Statutory replacement of a benchmark (Article 23a-23c)

CHAPTER 5 - Significant benchmarks (Article 24-25)

CHAPTER 6 - Non-significant benchmarks (Article 26)

TITLE IV - TRANSPARENCY AND CONSUMER PROTECTION (Article 27-28a)

TITLE V - USE OF BENCHMARKS IN THE UNION (Article 29-33)

TITLE VI - AUTHORISATION, REGISTRATION AND SUPERVISION OF ADMINISTRATORS (Article 34-48n)

TITLE VII - DELEGATED AND IMPLEMENTING ACTS (Article 49-50)

TITLE VIII - TRANSITIONAL AND FINAL PROVISIONS (Article 51-59)

Article 19b - Requirements for EU Climate Transition Benchmarks