expert judgement
Defined in Article 3, Benchmark Regulation (BMR)
Definitions over time (1)
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For the purposes of this Regulation, the following definitions apply:
‘expert judgement’ means the exercise of discretion by an administrator or a contributor with respect to the use of data in determining a benchmark, including extrapolating values from prior or related transactions, adjusting values for factors that might influence the quality of data such as market events or impairment of a buyer or seller's credit quality, and weighting firm bids or offers greater than a particular concluded transaction;
Earlier definition records in this act (1)
Open an entry to see its definitions, dates and uses. Separate scopes and histories are kept intact.
- Article 3(1)(13) Historical · definitions end 10/12/2019
Used in (4 places in 4 provisions on 12/11/2026)
Benchmark Regulation (BMR) (4 in 4)
Article 3 · Article 11 · Article 16 · Annex I