ICIS, the global source of Independent Commodity Intelligence Services, has announced that it has successfully attained authorisation with the Netherlands Authority for Financial Markets (AFM) in accordance with the European Benchmark Regulation (BMR).
The EU BMR ensures the accuracy and integrity of indexes used as benchmarks in the European Union. It aims to ensure benchmarks are robust, reliable, and administered without conflicts of interest.
The authorisation of ICIS supports its work to connect data, markets and customers to make some of the world’s most important markets more trusted and predictable. The authorisation as an administrator has been granted to ICIS Benchmarking EU BV.
Dean Curtis, President & CEO, ICIS, said: “We are delighted to have attained authorisation with AFM who have a strong reputation as a regulator. The Netherlands has a long standing tradition in commodity markets, making it an ideal foundation for our European benchmarking business.”
Curtis concluded: “The AFM authorisation provides added confidence to our customers and the market on the integrity of the information we provide. As a global source of data and intelligence, the registration in the Netherlands also consolidates our position in Europe as the UK prepares to leave the European Union.”
