Control framework required for index providers mandates whistle blowing, documented methodologies, conflict of interest safeguards plus business continuity testing. Index Providers must implement and document a comprehensive control framework for index calculation, maintenance and dissemination, available to the Board. The framework must include an effective whistle blowing mechanism accessible to all relevant employees and co developers, conflict-of-interest policies, a methodology document addressing discretionary judgment in rebalances or constituent revisions, accountability and complaint-management mechanisms, tested business continuity and recovery procedures, periodic ethics and conflict training, and protection of sensitive information with trading restrictions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Control framework required for index providers mandates whistle blowing, documented methodologies, conflict of interest safeguards plus business continuity testing.
Index Providers must implement and document a comprehensive control framework for index calculation, maintenance and dissemination, available to the Board. The framework must include an effective whistle blowing mechanism accessible to all relevant employees and co developers, conflict-of-interest policies, a methodology document addressing discretionary judgment in rebalances or constituent revisions, accountability and complaint-management mechanisms, tested business continuity and recovery procedures, periodic ethics and conflict training, and protection of sensitive information with trading restrictions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
