(3)Following the expiry of the transitional period, a benchmark that is in scope of Regulation (EU) 2016/1011 or a combination of such benchmarks provided by an administrator located in a third country may only be used in the Union where the benchmark and the administrator are included in the register maintained by the European Securities and Markets Authority (‘ESMA’) following the adoption of an equivalence decision by the Commission, following recognition of a third-country benchmark administrator by ESMA or following endorsement of a third-country benchmark by Union authorised or registered administrators.