3 Amendments of Astrid LULLING related to 2010/0250(COD)
Amendment 243 #
Proposal for a regulation
Article 2 – paragraph 1 – point 1 a (new)
Article 2 – paragraph 1 – point 1 a (new)
(1 a) “Benchmark" means any published figure calculated by the application of a formula to the value of one or more underlying assets or prices by reference to which the amount payable under a derivative is determined.
Amendment 800 #
Proposal for a regulation
Article 38 – paragraph 1 a (new)
Article 38 – paragraph 1 a (new)
1 a. For any derivative whose value is calculated by reference to a commercial index or other benchmark, CCPs should be permitted non-discriminatory access to information on the composition, methodology and prices of that benchmark and should be automatically granted at a commercially reasonable price, and in any event at a price no higher than the lowest price that the benchmark provider has licensed the relevant intellectual property rights to another CCP or related entity in the preceding 12 months, the intellectual property rights necessary in respect of such information to enable CCPs to clear such derivatives.
Amendment 801 #
Proposal for a regulation
Article 38 – paragraph 1 b (new)
Article 38 – paragraph 1 b (new)
1 b. No CCP or related entities may enter into an agreement with any benchmark provider the effect of which would be either (i) to prevent any other CCP obtaining access to such information or rights as referred to in paragraph 2; or (ii) to prevent any other CCP from obtaining access to such information or rights on terms any less advantageous than those conferred on that CCP