in force 2022-01-01 MODIFIED+465 −0§
Amended by Regulation (EU) 2019/2175 32019R2175
applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)
dates added to the text: 2020-10-01
A new paragraph 4 is added requiring ESMA to develop draft regulatory technical standards specifying the characteristics of the systems and controls referred to in paragraph 1, and to submit those draft standards to the Commission by 1 October 2020.
The added paragraph also states that power is delegated to the Commission to supplement the Regulation by adopting those regulatory technical standards in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.
Paragraphs 1 through 3 are unchanged between the two versions.
Cited: Art. 14, v2 · Art. 14, v1
text before / after
02016R1011-20210213 → 02016R1011-20220101
Article 14 Reporting of infringements 1. An administrator shall establish adequate systems and effective controls to ensure the integrity of input data in order to be able to identify and report to the competent authority any conduct that may involve manipulation or attempted manipulation of a benchmark, under Regulation (EU) No 596/2014. 2. An administrator shall monitor input data and contributors in order to be able to notify the competent authority and provide all relevant information where the administrator suspects that, in relation to a benchmark, any conduct has taken place that may involve manipulation or attempted manipulation of the benchmark, under Regulation (EU) No 596/2014, including collusion to do so. The competent authority of the administrator shall, where applicable, transmit such information to the relevant authority under Regulation (EU) No 596/2014. 3. Administrators shall have procedures in place for their managers, employees and any other natural persons whose services are placed at their disposal or under their control to report internally infringements of this Regulation.4. ESMA shall develop draft regulatory technical standards to specify the characteristics of the systems and controls referred to in paragraph 1. ESMA shall submit those draft regulatory technical standards to the Commission by 1 October 2020. Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.