Accountability mechanism requires public complaint redressal policy for index providers to address representativeness and methodology disputes. Index Providers must establish and publicly publish a complaint redressal policy enabling subscribers to submit grievances about an index's representativeness of the underlying interest, the application of methodology to specific index calculations, and decisions arising from index administration, providing a transparent and accessible accountability mechanism.
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Provisions expressly mentioned in the judgment/order text.
Accountability mechanism requires public complaint redressal policy for index providers to address representativeness and methodology disputes.
Index Providers must establish and publicly publish a complaint redressal policy enabling subscribers to submit grievances about an index's representativeness of the underlying interest, the application of methodology to specific index calculations, and decisions arising from index administration, providing a transparent and accessible accountability mechanism.
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