Stats › Intraday et microstructure de marché › Benchmark tiers
Europe deleted an entire tier of benchmark regulation on 1 January 2026, and Article 26 no longer exists in the law
| Tier or exemption | Threshold | Article | Statut |
|---|---|---|---|
| Critical, principal test | 500bn euro | Art 20(1)(a) | in force |
| Critical, alternative test | 400bn euro plus two qualitative limbs | Art 20(1)(c) | in force |
| Critical, national test | no euro threshold | Art 20(1)(b) | in force |
| Significant | 50bn euro average over six months | Art 24(1)(a) | in force |
| Significant, opt in | 20bn euro over the last six months | Art 24(7)(b) | new in 2026 |
| Non significant | no threshold | Art 26 | the article no longer exists |
| Commodity exemption | 200m euro over 12 months | Art 2(2)(g) | in force |
| Regulated data combination threshold | 500bn euro | Art 17(2) | in force |
Read off the consolidated text applicable from 1 January 2026 and the supervisor's own rulebook index. The six amending regulations are 2019/2089, 2019/2175, 2021/168, 2022/2554, 2023/2869 and 2025/914.
The non significant tier has stopped being a tier of regulation and become a category of exclusion. The Commission projected that 66 of 73 union administrators would fall outside scope, and no realised count of what left has been published.
Réservé aux membres
La suite de cette page est réservée aux membres
Below this point there are 8 sections, 1 table and 7 named sources, roughly 1000 words of it. Every figure carries the source it came from and the date the data is from.
Vous pouvez continuer à parcourir gratuitement toutes les statistiques de la bibliothèque. L'introduction et le résumé sont toujours accessibles.