(a)the following paragraphs are inserted:‘1a.Titles II, III, with the exception of Articles 23a, 23b and 23c, IV, V and VI apply only in respect of critical benchmarks, significant benchmarks, EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks.1b.By way of derogation from paragraph 1a of this Article, Article 13(1), point (d), and Article 27(2aa) apply to all benchmarks used in the Union provided by administrators that:
(a)are included in the register referred to in Article 36; or
(a)it is a regulated-data benchmark;
(b)belong to a group with at least one administrator included in the register referred to in Article 36.
(b)it is a benchmark based on submissions by contributors the majority of which are supervised entities;
(c)it is a critical benchmark and the underlying asset is gold, silver or platinum.’
1c.By way of derogation from paragraph 1a of this Article, Article 19 applies to any commodity benchmark based on contributed input data, unless any of the following conditions is fulfilled:;
(b)in paragraph 2, point (g) is replaced by the following:
(g)a commodity benchmark based on submissions from contributors the majority of which are non-supervised entities and in respect of which the total average notional value of financial instruments referencing the benchmark does not exceed EUR 200 million over a period of 12 months;’