Article 2
Conditions to ensure that the benchmark methodology has clear rules identifying how and when discretion may be exercised in the determination of the benchmark
A benchmark methodology as referred to in Article 12(1), point (b), of Regulation (EU) 2016/1011 shall specify all of the following:
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(a) |
the step of the calculation of the benchmark at which discretion is performed; |
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(b) |
the criteria that are to be used when exercising the discretion; |
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(c) |
the input data that are to be taken into account; |
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(d) |
where applicable, a non-exhaustive list of the conditions under which:
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(e) |
the type of related markets that are to be considered appropriate for the purposes of point (d)(i). |