Ice Futures Europe (IFEU) is licensed to operate the IFEU derivatives market (the derivatives market) in New Zealand. We are required to report, at least once every two years, on how well IFEU is meeting its obligations as a licensed market operator.
The UK Financial Conduct Authority (FCA) is IFEU’s primary regulator. Our review therefore focused on whether the FCA was satisfied with IFEU’s compliance during the review period. See the Appendix for details of how we did our review.