Part 2: Benchmarks Section 17: Policy statements relating to critical benchmarks
Subsection (1) introduces a new provision, Article 23F of the BMR, which places an obligation on the FCA to publish statements of policy and have regard to them when deciding to exercise certain powers.
	These are in relation to the FCA’s exercise of powers under:
new Article 21A where the FCA prohibits new use of a critical benchmark where the administrator has notified the FCA of its intention to cease providing the critical benchmark;
new Article 23A where the FCA determines that the representativeness of a critical benchmark cannot be restored or maintained and whether it is to be designed as an Article 23A benchmark;
new Article 23C where the FCA exercises the power to permit certain legacy use of an Article 23A benchmark by supervised entities;
new Article 23D where the FCA imposes requirements on administrators to change the methodology for determining a critical benchmark, or specify the relevant rules of the benchmark and the code of conduct once the benchmark is designated as an Article 23A benchmark.
	Article 23F allows the FCA to alter or replace a statement of policy and publish an altered or replacement statement. It also requires the FCA to publish statements of policy in a way that is best calculated to bring them to the attention of the public.
	Article 23F paragraph 4(b) permits the FCA to charge a reasonable fee for providing a person with a copy of a statement published under this Article.
	Subsection (2) provides that the FCA can satisfy its duty to prepare and publish statements under Article 23F by way of publishing such statements either before or after the requirement to produce such statements under new Article 23F(1) comes into force.