(5)The objective of the Regulation (EU) 2016/1011 is to ensure the accuracy, robustness, integrity and independence of the benchmarks and of the benchmark determination process. To that effect, Article 4 that Regulation sets outs requirements to ensure the integrity and reliability of persons involved in the administration of a benchmark. This is particularly important where those persons are part of bodies or carry out functions that have specific decision making or oversight and supervisory powers and responsibilities, such as the management body and the oversight function. Accordingly, to ensure that the applicant benchmark administrator has established, at the time of authorisation or registration, all the necessary arrangements to meet the requirements to safeguard the integrity of the management body and the oversight function, it is therefore necessary to provide a self-declaration for each member of the management body and of the oversight function of the applicant to ensure that they are suitable and operate with integrity, guarantee an effective management and safeguard confidence in the integrity and independence of the benchmarks activity.