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Loading bill description and supporting context. This card will show the bill title, sponsoring MP or Lord, current stage in Parliament, voting outcome, and a plain-English summary of what the bill proposes once data arrives.

Loading bill description and supporting context. This card will show the bill title, sponsoring MP or Lord, current stage in Parliament, voting outcome, and a plain-English summary of what the bill proposes once data arrives.

Loading bill description and supporting context. This card will show the bill title, sponsoring MP or Lord, current stage in Parliament, voting outcome, and a plain-English summary of what the bill proposes once data arrives.

Loading bill description and supporting context. This card will show the bill title, sponsoring MP or Lord, current stage in Parliament, voting outcome, and a plain-English summary of what the bill proposes once data arrives.

Loading bill description and supporting context. This card will show the bill title, sponsoring MP or Lord, current stage in Parliament, voting outcome, and a plain-English summary of what the bill proposes once data arrives.

Loading bill description and supporting context. This card will show the bill title, sponsoring MP or Lord, current stage in Parliament, voting outcome, and a plain-English summary of what the bill proposes once data arrives.

Loading bill description and supporting context. This card will show the bill title, sponsoring MP or Lord, current stage in Parliament, voting outcome, and a plain-English summary of what the bill proposes once data arrives.

Loading bill description and supporting context. This card will show the bill title, sponsoring MP or Lord, current stage in Parliament, voting outcome, and a plain-English summary of what the bill proposes once data arrives.

Loading bill description and supporting context. This card will show the bill title, sponsoring MP or Lord, current stage in Parliament, voting outcome, and a plain-English summary of what the bill proposes once data arrives.

Loading bill description and supporting context. This card will show the bill title, sponsoring MP or Lord, current stage in Parliament, voting outcome, and a plain-English summary of what the bill proposes once data arrives.

Critical Benchmarks (References and Administrators’ Liability) Act 2021

This bill clarifies how contracts referencing LIBOR and other critical benchmarks should be treated after the FCA designates them as no longer representative, and protects benchmark administrators from liability when following FCA instructions.

A Bill to make provision about the meaning of references to Article 23A benchmarks in contracts and other arrangements; and to make provision about the liability of administrators of Article 23A benchmarks

Status: Act of Parliament

Current House: Unassigned

Stage: Royal Assent

Sponsored by: Lord Agnew of Oulton, John Glen

Introduced: 2021-09-08

Royal Assent: 2021-12-15