On 3 June 2024, the FCA published a notice of first decision to the administrator of LIBOR, ICE Benchmark Administration Limited (IBA), under Article 21(3) of the UK Benchmarks Regulation. The notice is dated 17 May 2024. In the notice the FCA states that it has decided to exercise its power to compel the IBA to continue publishing each of the US Dollar LIBOR versions for a further three months under the existing changed, ‘synthetic’, methodology, until 30 September 2024, in order that the US Dollar LIBOR versions may be ceased to be provided in an orderly fashion. The notice constitutes the FCA’s first decision for the purposes of MAR 8.7.5G and is given to IBA in accordance with MAR 8.7.5G.