On 25 April 2022, the Financial Conduct Authority (FCA) updated its webpage concerning the Benchmark Regulation and its powers, policy and decision-making.

The FCA has added a ‘Next steps’ section in which it reports that it will be seeking views on retiring 1-month and 6-month synthetic sterling LIBOR at the end of 2022, and on when to retire 3-month sterling synthetic LIBOR, via a public consultation around the end of Q2 / early Q3 2022.