ICE · 10-Q · 2026Q2 · Full report

Regulatory Risk

Intercontinental Exchange, Inc. · 2026-07-30 · Importance 47 · Surprise 60

In February 2026, the EU’s EMIR 3.0 Delegated Act made the Active Account Requirement effective, requiring in-scope EU participants to maintain accounts at an EU central counterparty and clear certain euro-denominated short-term interest-rate derivatives in an EU account; ICE said this could reduce trading and clearing at ICE Futures Europe and ICE Clear Europe. U.S. regulators proposed or considered significant changes involving Basel III Endgame bank capital rules, SEC equity-market structure and Consolidated Audit Trail requirements, and the CFTC’s federal framework for prediction markets and perpetual contracts. In July 2026, the European Commission proposed revisions to the EU Emissions Trading System that could affect ICE Endex and ICE Clear Europe, while proposed U.S. digital-asset and capital-markets legislation could alter exchange competition and contract volumes.

Key facts

• During the six and three months ended June 30, 2026, Intercontinental Exchange, Inc. adjusted $10 million related to the reversal of a previously recorded regulatory matter accrual. source
• Intercontinental Exchange, Inc. adjusted $4 million of expense related to a regulatory matter during the six months ended June 30, 2025. source
• During the six months ended June 30, 2026, there were no significant changes to the new and recently adopted accounting pronouncements applicable to Intercontinental Exchange, Inc. from those disclosed in Note 2 of the 2025 Form 10-K. source
• During the six months ended June 30, 2026, there were no significant changes to Intercontinental Exchange, Inc.'s critical accounting policies and estimates from those disclosed in the MD&A in the 2025 Form 10-K. source