Index provider responsibility requires governance and monitoring of benchmark processes, with documented roles and limited data source exception.

Index providers bear primary responsibility for the integrity of benchmarks, undertaking development, calculation, maintenance, and establishing governance, oversight and accountability to deliver indices consistent with their Methodology. When co-developing an Index or outsourcing benchmark activities, providers must define roles and standards, implement a monitoring framework for third parties, and record obligations in written agreements; monitoring obligations exclude third-party data suppliers that are regulated markets or stock exchanges.

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