The draft independent price reporting organisations, or IPRO, code "provides
for robust monitoring and compliance", the companies said on Monday. They
believe the code will keep regulators at bay.
"This is a serious piece of work that really codifies what we"ve put in place
over the years," said Adrian Binks, Chairman and Chief Executive of privately
held Argus Media.
"Many of our customers are telling us they do not want to see us regulated -
they are vehemently opposed to it. And it"s essential that we be seen as
completely neutral in the work that we do."