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administering a specified benchmark

    98The regulated activity, specified in article 63O(1)(b) of the Regulated Activities Order, which means:

      1. (1) administering the arrangements for determining a specified benchmark, or
      1. (2) collecting, analysing or processing information or expressions of opinion for the purpose of determining a specified benchmark, or
      1. (3) determining a specified benchmark through the application of a formula or other method of calculation to the information or expressions of opinion provided for that purpose.