Index Provider obligations defined, covering administration, methodology, audit trail and publication requirements and submitter contributions. The regulations designate the Index Provider as responsible for all stages of benchmark administration-data collection, application of methodology, calculation and dissemination-while defining Submission, Submitter, Expert Judgement and requiring an Audit Trail documenting data, judgments and rationale. Publication obligations require proportionate notice to stakeholders, with website posting ordinarily sufficient. The Board may specify 'Significant Indices' tracked by mutual funds and cross-references corporate definitions for concepts like change in control and net-worth.
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Provisions expressly mentioned in the judgment/order text.
Index Provider obligations defined, covering administration, methodology, audit trail and publication requirements and submitter contributions.
The regulations designate the Index Provider as responsible for all stages of benchmark administration-data collection, application of methodology, calculation and dissemination-while defining Submission, Submitter, Expert Judgement and requiring an Audit Trail documenting data, judgments and rationale. Publication obligations require proportionate notice to stakeholders, with website posting ordinarily sufficient. The Board may specify "Significant Indices" tracked by mutual funds and cross-references corporate definitions for concepts like change in control and net-worth.
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