Index Provider registration and governance framework mandates methodology transparency, conflict of interest controls and periodic independent audits. These Regulations require registration of Index Providers that administer Significant Indices of securities listed in India, impose eligibility conditions (corporate form, net worth, infrastructure, fit-and-proper status) and mandate submission of independent assessments to IOSCO Principles. Registered Index Providers must implement governance (a separate oversight committee), conflict-of-interest policies, documented Methodology and data controls, maintain audit trails and records, publish disclosures and auditor reports, appoint a compliance officer, and submit periodic reports to the Board; the Board retains supervisory, audit and enforcement powers.
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Index Provider registration and governance framework mandates methodology transparency, conflict of interest controls and periodic independent audits.
These Regulations require registration of Index Providers that administer Significant Indices of securities listed in India, impose eligibility conditions (corporate form, net worth, infrastructure, fit-and-proper status) and mandate submission of independent assessments to IOSCO Principles. Registered Index Providers must implement governance (a separate oversight committee), conflict-of-interest policies, documented Methodology and data controls, maintain audit trails and records, publish disclosures and auditor reports, appoint a compliance officer, and submit periodic reports to the Board; the Board retains supervisory, audit and enforcement powers.
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