On 12 April 2018, ICE Benchmark Administration issued a consultation paper on a revised version of the London Interbank Offered Rate (LIBOR) code of conduct.  When finalised the code should be read in conjunction with Article 15 of the EU Benchmarks Regulation and the governance and control requirements for supervised contributors in Article 16 of the Regulation and its Annex 1 which sets out specific provisions for interest rate benchmarks. The code also notes that contributor banks are also subject to the FCA Handbook, and should read the code (when finalised) in conjunction with any requirements in the FCA Handbook that apply to their benchmark contribution activities. The deadline for comments on the consultation is 11 May 2018.