In an April 30 press release, Intercontinental Exchange Inc. (ICE) announced the authorization of its subsidiary, ICE Benchmark Administration Limited (IBA), as a regulated benchmark administrator under the EU Benchmarks Regulation.

The authorization was granted on April 27by the UK Financial Conduct Authority as the United Kingdom’s national competent authority.

IBA is responsible for the administration of the London Interbank Offered Rate LIBOR), the LBMA Gold and Silver Prices and ICE Swap Rate.

ICE’s press release, announcing IBA’s authorization, is available here.