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MAR 8.1 Application and purpose

Application

MAR 8.1.1R

1This chapter applies to every firm which is a benchmark submitter or a benchmark administrator.

Purpose

MAR 8.1.2G

The purpose of this chapter is to set out the requirements applying to firms who are benchmark submitters or benchmark administrators when carrying out the activities of providing information in relation to a specified benchmark or administering a specified benchmark2.

2[Note: article 2(2) of the Market Abuse Regulation; article 12 of the Market Abuse Regulation; article 15 of the Market Abuse Regulation, regarding the ongoing market abuse provisions applicable to firms carrying out the activities specified in MAR 8.1.2G.]

Actions for damages

MAR 8.1.3R

A contravention of a rule in MAR 8 does not give rise to a right of action by a private person under section 138D(2) of the Act (and each rule in MAR 8 is specified under section 138D(3) of the Act as a provision giving rise to no such right of action).