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LBMA pricing governance

Control Framework

The LBMA Platinum and Palladium Prices Control Framework is intended to provide relevant market users and regulatory authorities with a summary of the framework adopted by the LME regarding the oversight and supervision of the LPP Prices Discovery Event.

Oversight Committee

In accordance with the LBMA Platinum and LBMA Palladium Prices Regulations, an Oversight Committee has been established to perform oversight and governance in respect of all matters set out in the LPP Price Regulations.

The Terms of Reference for the Oversight Committee sets out the composition, procedural arrangements, role and responsibilities, and authority of the Oversight Committee.

Composition

The Oversight Committee is composed of at least two senior individuals from The London Metal Exchange, and two independent individuals appointed by EXCOM. Current member participants may nominate a qualified individual to act as a representative on the Oversight Committee. 

The current composition of the Oversight Committee is as follows:

Kishan Chandarana

Chairman

Kate Smith

Head of Precious Metals

David Gornall

Independent individual

Colin Griffith

Independent individual

Each Oversight Committee member must declare any other appointments or arrangements that conflict or may conflict with his or her position as an Oversight Committee member. The Declarations made by the current Committee members can be downloaded here.

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