The European Securities and Markets Authority (ESMA) has granted recognition to Intercontinental Exchange’s (ICE) Ice Data Indices as a third-country benchmark administrator.
This recognition allows one hundred climate transition and Paris-aligned benchmarks offered by the administrator to remain available for use by supervised entities in the European Union. The fixed income benchmarks incorporate ESG screening criteria alongside a carbon reduction methodology.
Preston Peacock, head of Ice Data Indices, said that receiving this recognition expands the organisation’s reach and supports efforts to help investors make decisions to achieve emission reduction goals.
The administrator also manages other benchmarks that are not subject to the European Union benchmarks regulation. Ice Data Indices previously secured recognition as a third-country benchmark administrator from the UK Financial Conduct Authority.
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