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LONDON – ICIS, a leading independent commodity intelligence provider, today announced that the independent assurance review of its price reporting business has been successfully completed for the seventh successive year.

The Price Reporting Agency (PRA) principles are set out by the International Organization of Securities Commissions (IOSCO) to ensure that commodity benchmark price reporting meets the highest standards.

“ICIS is committed to maintaining the highest standards in the quality and independence of our market intelligence. I am delighted that ICIS has again successfully completed the IOSCO Commodity PRA assurance review, to assist markets in being fair, efficient and transparent” said Dean Curtis, President & CEO of ICIS.

“The IOSCO assurance review underlines our commitment to being a credible and impartial partner for our customers, empowering them to make thousands of crucial decisions every week based on our intelligence, decisions that shape our world,” Curtis said.

The areas assured by PricewaterhouseCoopers (PwC) include governance structures, controls, maintenance of Editorial integrity, and conflict management processes in relation to the creation of commodity benchmark price assessments.

This report is accompanied by PwC’s findings following an independent review of ICIS processes and policies to provide Reasonable and Limited Assurance conclusions.

Find out more about ICIS benchmarks


About ICIS

ICISICIS is a trusted source of global commodity intelligence for the energy, chemical and fertilizer industry. We are a division of RELX, a FTSE 15 company with a market cap of £39.3 billion and an employee base of over 30,000 experts across 40 countries.

At ICIS, we help businesses make strategic decisions, mitigate risk, improve productivity, and capitalise on new opportunities. We make some of the world’s most important markets more trusted and predictable by providing data services, thought leadership and decision tools. As a result of our unmatched global presence, we can deliver targeted connected intelligence to influence thousands of decisions across supply chains every single day. We shape the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo, and Perth.


About RELX

RELX GroupRELX Group is a global provider of information-based analytics and decision tools for professional and business customers. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs over 30,000 people, of whom almost half are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX. The market capitalisation is approximately £39.3bn, €45.7bn, $54bn.


Media contact

Hinna Bailey
RBI Group Compliance
Officer M: +44 7773 576 170
T: +44 2079 111 856
Email: hinna.bailey@rbi.co.uk