Critical Benchmarks (References and Administrators' Liability) Act 2021
The Critical Benchmarks (References and Administrators' Liability) Act 2021 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.[1][2]
Act of Parliament | |
Long title | A 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. |
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Citation | 2021 c. 33 |
Introduced by | John 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 assent | 15 December 2021 |
Commencement | 15 December 2021 |
Other legislation | |
Relates to | |
Status: Current legislation | |
History of passage through Parliament | |
Text of the Critical Benchmarks (References and Administrators' Liability) Act 2021 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. |
References[]
- ^ "HoC research paper – Critical Benchmarks (References and Administrators' Liability) Bill". Regulation Tomorrow. 2021-11-20. Retrieved 2022-01-04.
- ^ HM Treasury. "CRITICAL BENCHMARKS (REFERENCES AND ADMINISTRATORS' LIABILITY) BILL (HL)" (PDF). Parliament of the United Kingdom. Archived (PDF) from the original on 2021-11-27.
Categories:
- 2021 in British law
- United Kingdom Acts of Parliament 2021
- Financial regulation in the United Kingdom
- United Kingdom contract law
- United Kingdom law stubs