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Recital 2

Recital 2

(2)In accordance with Article 51(5) of Regulation (EU) 2016/1011, the use of a third country benchmark by supervised entities in the Union is to be permitted only for financial instruments, financial contracts and measurements of the performance of an investment fund that already reference that benchmark or which add a reference to such benchmark before 31 December 2023, unless the Commission has adopted an equivalence decision as referred to in Article 30(2) or (3) of that Regulation, an administrator has been recognised pursuant to Article 32 of that Regulation or a benchmark has been endorsed pursuant to Article 33 of that Regulation.

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